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Suppose that you wish to approximate a typical isoquant of the nursing output.
The nursing output consists of two specific types of output.
1st is the the nursing output produced due to clinical-based nursing input (e.g. IV Line management, medication management);
2nd is the nursing output produced to caring-based nursing input (e.g. washing and/or feed the patient, provide compassion).
The overall nursing output is a function of these two forms of nursing inputs. I think that there is a min level of substitution and complementarity between these two.
How be would you draw the shape of such an isoquant curve?
RKT corporation is a publisher of Economics books. The demand function for its books is given by the equation Qx = 12000 - 5000 Px + 5y + 500 Pc where Px is the price charged for RKT's boks, y is income per capita and Pi is the price of books from co..
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