How the doctors are more productive than nurses

Assignment Help Econometrics
Reference no: EM13212419

A clinic uses doctors and nurses optimally and is servicing the maximum number of patients given a limited annual payroll. The last doctor hired treated 1,600 extra patients in a year, while the last nurse hired treated 1,000 extra patients in a year. If doctors make $80,000 a year and nurses make $40,000 a year, then the clinic could serve more patients by hiring fewer doctors and more nurses. the clinic could serve more patients by hiring more doctors and fewer nurses. the clinic is making the correct decision because doctors are more productive than nurses. the clinic is making the correct decision because nurses are less expensive than doctors.

Reference no: EM13212419

Questions Cloud

Determine the rate of heat loss from the molten salt : Determine the rate of heat loss from the molten salt per meter length of the pipe.
Determine the engine block surface temperature\ : An engine block with a surface area measured to be 0.90m2 generates a power output of 55 kW with a net engine efficiency of 35%. The engine block operates inside a compartment at 157oC and the average convection heat transfer coefficient of 60 W/m..
Explain what is the concentration of a solution made : What is the concentration of a solution made from 15ml of 2.0M HBrO, 20.0ml of H20, and 9.7g HBrO (mm=97g/mol)
Explain what is the concentration of lead : To a second 25.00 mL part, 10.00 mg of lead was added and extracted into a second 10.00 mL portion of the same organic solvent. This solution gave A = 0.525. What was the concentration of lead, in mg/mL, in the original sample?
How the doctors are more productive than nurses : A clinic uses doctors and nurses optimally and is servicing the maximum number of patients given a limited annual payroll. The last doctor hired treated 1,600 extra patients in a year, while the last nurse hired treated 1,000 extra patients in a y..
Compute the ionic strength solution of acetic buffer : Calculate the ionic strength of 100mM solution of Mg3(PO4)2 in acetic buffer
What cost to invest in either option is the same day : The cost to invest in either option is the same today. Both options will provide you with $20,000 of income. Option A pays five annual payments starting with $8,000 the first year followed by four annual payments of $3,000 each.
Explain which hplc mode you will choose and why : separate a mixture of alkane. which HPLC mode you will choose and why? ( Consider Normal-phase, ion- exchange, and size-exclusion).
How a clinic uses doctors and nurses optimally : A clinic uses doctors and nurses optimally and is servicing the maximum number of patients given a limited annual payroll. The last doctor hired treated 1,600 extra patients in a year, while the last nurse hired treated 1,000 extra patients in a y..

Reviews

Write a Review

Econometrics Questions & Answers

  Fitting a straight line to a set of data yields

An agent for a residential real estate company has the business objective of developing more accurate estimates of the monthly rental cost for apartments. Toward that goal, the agent would like to use the size of an apartment, as defined by square..

  Calculating herfindahl index

Determine the Herfindahl index for an industry composed of three companies one with 70% of the market, and the other two with 20 and 10 percent of the market respectively one company with 50% share

  What are equilibrium consumption and national saving

Consider a closed economy to which the Keynesian-cross analysis applies. Consumption is given by the equation C = 200 + 2/3(Y - T). Planned investment is 300, as are government spending and taxes.

  Determine the concentration ratio in the industry

There are six companies in the industry. Assume their sales in the year 2006 are as follows, Determine the concentration ratio in the industry

  Can miller set prices to earn even higher profit

The seller, Ryan Miller's mom (who is a monopolist, at least with respect to these consumers, and can "produce" enough quantity to meet demand), has to determine her pricing strategy, and whether to sell the goods separately or as a bundle.

  Determine the resulting deadweight loss is equal to what

Consider a labour market in which the supply curve is given by: w= 10 + Ls (where w is the wage rate and Ls is the quantity of labour supplied). Further, assume that the demand for labour is given by w = 100 - Ld (where w is the wage rate and Ld i..

  Predictable performance cycles for walmart

Are there any predictable performance cycles for Wal-mart? If so, what are the periods over which its cycle waxes and wanes?

  What range of payments will the farmer accept

What are the highest and lowest payments from the writer that the bookkeeper farmer team will accept for the 6th day Assume that the farmer can dispose of $7 from the writer as she wishes, what range of payments will the beekeeper accept

  How return split up between current and capital-gains yeild

a Calculate the percentage return on the security if the payoff to the security in one year is $1,000, $1,500, $2,000, or $2,500. (Note: This is the total amount returned to the investor, so you may just calculate the total return and not worry

  What is abc incs average monthly revenue

Abc Inc. sells bike tires for $25. It's sales have averaged 8,000 units per month. Recently its closes competitor Efg Inc. reduced their price for bike tires form $35 to $30. A result Abc's sales declined by 1.500 units per month.A. what is the ar..

  Why beach and alex chose cycling in the first stage

Alex and Barbara will simultaneously choose to go to the beach or to go cycling without talking to one another. Alex prefers beach and Barbara prefers cycling, but they prefer to be with one another.

  Determine the company and the market index

Period company return market index return, Determine the company and the market index and show the calculations.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd