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An acute care hospital has found that having geriatric nurse specialists take charge of discharge planning for stroke patients reduces length of stay from 5.4 days to 5.2 days. On average the geriatric nurse specialist (who earns $27 per hour including fringe benefits) spends 3.3 hours on discharge planning per patient. Supply and telephone costs are less than $10 per discharge plan. Your accounting staff tell you the average cost per day is $860 and the incremental cost per day is about $340. Is this innovation financially attractive? Whether it is or not, what alternatives should the hospital consider?
Discuss a scenario where either the supply or price of a good or service is intentionally limited by the government.
Suppose that twin eye doctors work across the hall from each other. Even their parents have trouble telling them apart, and they both went to the same medical school. From this information, we would guess that the price elasticity of demand for eithe..
Suppose that an economy is in a steady state, so that ongoing union organization is just enough to maintain some constant density of union coverage. A new law is passed that greatly increases the penalties for firms found to have violated laws about ..
The method used to prepare the budget can also affect the amount of time it takes to complete the budget. For example, companies that use participative budgeting will likely take longer to complete the budget process. What is participating budgeting?..
In 2015, the U.S. federal government increased government spending (G) by $56 billion. This question has you both illustrate and explain the short- and long-run effects of these fiscal adjustments. Using the short-run model, show the impact of increa..
Which of the following is important if forecasting is to have the desired positive effect on decisions?
q1. in which of the following cases should the united states produce more noodles than it wants for its own use and
The demand curve and supply curve for one-year discount bonds with a face value of $1,000 are represented by the following equations: Bd : Price = -0.6 Quantity + 1140 Bs : Price = Quantity + 700. What is the expected equilibrium price and quantity o..
What is the dominant technological design of the St. Jude Medical's industry (medical device manufacturing industry)? Examples: robotic technology, computer technology? Did this dominant technology develop quickly or more slowly and what influenced t..
Say that the exchange rate between the U.S. dollar and the Melnik bop is expressed in terms of bops per dollar. All of the following will cause this exchange rate to rise, ceteris paribus, except for:
The law of diminishing marginal utility (LODMU) states that:
Describe the major elements of the Efficient Markets Hypothesis (EMH) theory that create dissention between the worlds of finance and academia in terms of its usefulness. Select a real-world scenario and explain how EMH is either 1) currently used, o..
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