“Production Economics and Decisions”

• “Production Economics and Decisions” Please respond to the following:

• Considering health care industry, determine the relevant costs for the expansion decision, and distinguish between the short run and the long run costs. Recommend the key decision-making criteria that the industry should use for expansion decisions in the short run and in the long run. Determine under what conditions, a company should or should not continue to produce the good or service.

Here’s the link to the scenario:

https://blackboard.strayer.edu/bbcswebdav/institution/ECO/550/1142/Week4/Scenario/story.html