Determine the efficiency of utility model, Marketing Management

Use Newhouse (1970) nonprofit hospital's utility model to maximize U(Q, q) where Q=Quantity and q=quality with zero-profit constrain. You may assume there is an inverse demand P(Q).  Add in join production function f(Q,q,K,L)=0 where K=capital and L=labor and the unit price r and w are the competitive prices for capital and labor, respectively. And then, determine whether the hospital is efficient or not.

Note:you may define efficiency first and the conduct the state to answer this question.

Posted Date: 2/18/2013 5:01:56 AM | Location : United States







Related Discussions:- Determine the efficiency of utility model, Assignment Help, Ask Question on Determine the efficiency of utility model, Get Answer, Expert's Help, Determine the efficiency of utility model Discussions

Write discussion on Determine the efficiency of utility model
Your posts are moderated
Related Questions
State about the marketing mix Marketing comprise a number of activities. To start   with, an organisation may decide on its target group of customers to be served. Once the tar


Ask question critically analyze diesel''s marketing mix strategies #Minimum 100 words accepted# 09398241849

What is the difference between Integrated Manufacturing and Reengineering? Integrated manufacturing: This provides a new approach for manufacturing. All the system compos

# what are the uncontollable variables you think may affect the segment of your camera

Channel - management decisions: after a company has chosen alternative, individual   intermediaries' must be selected trained, motivated, and evaluated. Channel arrangements must

How should Shoppers? Stop develop its demand forecasts?

explain the various approaches that are followed by FMCG companies in test marketing.

Q. Explain various factors in marketing environment & tell about the need to analyze the marketing environment? Ans.: Purpose of marketing environment analysis are followin

Marketing Template Assignment Position strategy The main aim of our marketing group is to design a lunch box menu for Starbucks. Currently, the competitors of Starbucks ha