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Q. A clinic uses doctors also nurses optimally also 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. Using marginal analyses discuss the following also enlighten your answers.
a. If doctors make $40,000 a year, Illustrate what do nurses make?
b. Is it a correct decision if doctors make $80,000 a year also nurses make $40,000 a year? Enlighten.
c. Is it a correct decision if doctors make $50,000 a year also nurses make $40,000 a year? Enlighten.
d. Is it a correct decision if doctors make $64,000 a year also nurses make $40,000 a year? Enlighten.
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Your publishing house is about ready to release John Grisham's newest novel just in time for Holiday giving.
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If the price level remains constant by Explain how more will real output increase.
Under oligopoly, if one firm in an industry significantly increases advertising expenditures in order to capture a greater market share, it is most likely that other firms in that industry.
Why do proponents of active policy recommend government intervention to close an expansionary gap. Some economists argue that only unanticipated increases in the money.
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