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Regarding hospital regulation, the models of hospital behavior developed. predict that the effects of DRG payments on hospital behavior will differ across hospitals because that system offers the same price to all hospitals. What types of hospitals will likely have to change their behavior when confronting the DRG system, and what will their changes do to hospital output and quality, if anything? What types of hospitals will likely do nothing?
Discuss the current monopoly to provide a brief overview of the company. How did the monopoly arise Did the monopoly increase barriers to entry Does the company behave like a monopoly or more like a competitive firm
Use demand and supply analysis to assist you, determine the effects on the exchange rate in British pound and the Japanese yen from
You have been put in charge of electricity restructuring on the Isle of Mann. As part of the restructuring plan, it has been suggested to you that all wholesale electricity should be sold on the spot market at a price that is set every single min..
What marginal costs does University of Phoenix incur in offering one more ECO/561 class. what marginal revenues does University of Phoenix earn from each additional ECO/561 class.
How many units should each plant produce to maximize profit at that price and a perfect competitive firm faces a market price of $10 for its output X
You have opened your own word processing service. You have already bought a special computer needed for word processing.explain that expand your business by hiring an assistant.
Distinguish between explicit & implicit costs, giving example of each and what are the explicit & implicit costs of attending college?? Why does the economist classify normal profit as a cost?
The long run supply curve for a particular type of kitchen knife is horizontal line at a price of dolla three per knife. The demand curve for such a kitchen knife is
Could a future advance in technology allow production beyond the current possibilities curve Could international trade allow a country to consume beyond its current possibilities curve Is production at a point outside the production possibilities c..
Assume that the price was 5% lower and all other factors do not change. How much more would you buy each year? Using this information, compute the own-price elasticity of your demand.
Determine the rate of can rent capital and marginal productivity of labor at its new targeed level of output. To minimize the cost, the car company should hire capital and labor until the marginal rate of subsitution reaches what portion?
Illustrate and fully describe using an example of relevant cost (a cost whose value does affect the optimal decision) and an example of irrelevant cost (a cost whose value does not affect the optimal decision) to the business regarding this decisi..
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