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Articulate the key components of strategic planning and financial planning, and relate these to the healthcare industry.
• Select a hospital and locate its strategic and financial plans (available online), and then carefully examine each plan.
• Compare and contrast the hospital’s strategic plan and financial plan. Determine if they are aligned, and then explain your findings.
A tax is imposed on a certain good. The tax produces revenue of $5,000 for the government. The tax reduces consumer surplus by $3,000 and it reduces producer surplus by $4,000. What is the amount of the deadweight loss of the tax?
A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 80 - 0.25P, and the marginal cost of production is $120. Determine the optimal number of units to put in..
Demand and Supply of Rolls of Film - Assignment The table below shows the demand and supply schedules for rolls of film. Price Quantity demanded Quantity supplied ($ per roll) (rolls per week) (rolls per week) 2.00 3,000 1,000 3.00 2,500 1,500 4.00 2..
The supply and demand curves are: Qs = -800 + 15p and Qd = 3200 - 25p. Solve for the market equilibrium. Now suppose a tax of $20 per unit is imposed on consumers. What are the new equilibrium quantity, buyer's price and seller's price? What is tax r..
The manager of Big Oil Company in Mandeville tells investors that at the end of 2006 they had gasoline in inventory worth $446. In 2007, Big Oil produced gasoline worth $353 and sold gasoline worth $217. How much did Big Oil add to Mandeville's GDP i..
Elucidate one opportunity for Big Drive Auto that requires a business management decision.
Suppose the Council of Economic Advisors (CEA) hired you as an Economist (Economic consultant). The head of the council tells that she believes the current unemployment rate of 9 % is too high.
Explain how that factor can cause productivity figures to be misleading. Is there another way to compare the two plants that would be more meaningful?
Sam owns outright (no mortgage payments) two plots of land of equal size in Southern California. One plot is in Victorville (the High Desert) and the other is in the coastal community of Newport Beach. Given that Sam’s calculations were correct on t..
Feinberg observes that in 1973 when he wrote his article, the top 5% of households in the USA gain 20% of the income in the USA while the bottom 20% of households gain 5% of the income. (In 2011, the top 5% of households in the USA gained 22.3% of th..
Construct a new vision statement for Target Inc Provide sufficient analysis and description as to why this new vision will be more useful. Create a new mission for the organization.
What is the mechanism in the economic system that guarantees the saving of the economy will always equal the investment of the economy? You may assume a closed economy in answering the question.
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