Suppose that with 400 patients per year, the SAFC, SATC and

Suppose that with 400 patients per year, the SAFC, SATC and SMC of operating a physician clinic are… Show more Suppose that with 400 patients per year, the SAFC, SATC and SMC of operating a physician clinic are $10, $35, and $30 per patient, respectively. Furthermore, suppose the physician decides to increase the annual patient load by one more patient. Using short-run cost theory, explain the impact of this additional patient on the SAVC and SATC. Do they increase or decrease? Why? Please show your claculations for this question to fully explain your reasoning. Thank you. • Show less

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