Economics questionAdi and Jill are the only doctors in a small Pennsylvania town who offer LASIK eye surgery.?

Question

The table provides the demand schedule for eye surgeries in this town. Each doctor faces a constant marginal cost of $50 to perform the surgery; there are no fixed costs.

Price (Dollars)----Quantity

500-------------------3

450 -------------------4

400--------------------5

350--------------------6

300--------------------7

250-------------------8

200--------------------9

150------------------10

100------------------11

50------------------12

10.1. If Adi believes that Jill will abide by their collusive agreement and perform only three surgeries, find a number of surgeries that Adi could perform that would maximize his profits. (Hint: There is more than one correct answer. You need only select one.)

answers a.2

b.4

c. 5

d. 8

Answer 1

Adi makes the same amount of money at 4 and 5 surgeries, $1,000 so obviously would only do 4 and spend the time for the fifth surgery on something else

Answer 2

Lasik eye surgery is very safe nowadays. My cousin got her dental implants and Lasik surgery in India by a company called Indian Health Guru Consultants. The Price for dental and Lasik surgery is very less in India. She paid 25% of the price she was quoted in America.

Indian Health Guru Consultants is very famous in India They arrange Dental surgery, jaw surgery, Lasik eye surgery, Dental Implants etc for foreign patients in India. I read a lot about them in the Newspapers and magazines- about their patient stories.

They arrange financing for USA, Canadian, UK and other international patients who plan to have surgery abroad for low cost, as dental and eye surgery is not covered by insurance. They also have photos pasted of their International patients. You can checkout their website. There are huge cost savings. As a doctor I personally believe that surgery can be easily handled in India, as the quality of healthcare available In India is simply best in the world. The surgeons are USA/UK trained and facilities are 5 star.

http://www.indianhealthguru.com

Hope this helps.