1. Name three other providers of urgent care services. Emergency departments, urgent care clinics, and walk-in clinics supply urgent care services.
2. What sort of shift in supply or demand would result in a market equilibrium with higher prices and sales volumes? A shift outward in demand could lead to an equilibrium with higher prices and volumes. What might cause such a shift?
3. What sort of shift in supply or demand would result in a market equilibrium with higher prices but lower sales volume? A shift inward in supply could lead to an equilibrium with higher prices but lower volumes. What might cause such a shift?
4. A laboratory has $4.2 million in revenues and $3.85 million in costs. What is its operating margin? The owners of the laboratory invested $6 million. What is the return on investment?