Question

Consider the following chart regarding a medical school. Total Cost $90 million Cost if school provided only patient care 40 million Cost if school produced only education 60 million In a given state, students are supposed to pay the pure costs of their education, and patients are expected to pay the full costs of their care. The hospital will run a deficit, because $10 million in joint costs are not being covered break even because all costs are being covered will run a deficit because $90 million in joint costs are not being covered run a profit because they will be receiving more than the total costs