# Marginal Cost

The table shows cost and revenue data for a clinic. Calculate the clinic’s marginal cost, marginal revenue, and profits at each volume. Which price maximizes its profits?

Surgeries 250 300 350 400 450

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Price \$2,000 \$1,920 \$1,800 \$1,675 \$1,550

Revenue \$500,000 \$576,000 \$630,000 \$670,000 \$697,500

Cost \$516,000 \$538,500 \$563,500 \$591,000 \$621,000

The table shows cost and revenue data for a clinic. Calculate the clinic’s marginal cost, marginal revenue, and profits at each volume. Which price maximizes its profits?

Surgeries 250 300 350 400 450

Price \$200 \$210 \$220 \$230 \$240

Revenue \$50,000 \$63,000 \$77,000 \$92,000 \$108,000

Cost \$49,000 \$61,000 \$74,750 \$90,500 \$108,250

The price–quantity relationship has been estimated for a new prostate cancer blood test: Q = 4,000 − (20 × P). Use a spreadsheet to calculate the quantity demanded and total spending for prices ranging from \$200 to \$0, using \$50 increments. For each \$50 drop in price, calculate the change in revenue, the change in volume, and the additional revenue per unit. (Call the additional revenue per unit marginal revenue.)

Why would a for-profit organization that incurs losses choose to operate?

Why would a profitable for-profit organization choose to exit a line of business?

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