Describe the providers equilibrium salary

Assignment Help Macroeconomics

Reference no: EM1330440

Perform cost benefit analysis.

The following is a labor supply function:
Wage per hour Quantity of Nurse Supplied
$2 1
4 2
6 3
8 4
10 5
12 6
Nurses are used by the clinic pt provide clinic visits. Each visit brings in $2 in revenue for the clinic. The relationship between nursing units and clinic visits is as follows:
Quantity of Nurses Total Clinic Visits
1 5
2 9
3 12
4 14
5 15
The provider is assumed to maximize profits. Determine the provider's equilibrium wage and how many nursing units it will hire. The provider is a monopolist, which means it is the sole purchaser of labor in the market.

Reference no: EM1330440

Questions Cloud

Describe the theories of adult learning principles : Describe the theories of adult learning principles and Compare the differences between child/adolescent and adult learning models (pedagogy and andragogy).

How the company can decrease the threats : This solution explores security threats faced by a company when implementing a wireless network. In particular, this solution utilizes a case study to define the threats faced by the company and extrapolates on how the company can reduce the threa..

The difference between numeric data and text data : Find the difference between numeric data and text data.

Explain privacy and security issues : Explain privacy and security issues - what do you meant by privacy and security issues explain with example

Describe the providers equilibrium salary : Describe the provider's equilibrium salary and how many nursing units it will hire.

Explain what hr staff will you need in london : International HRM for an IT Consulting Firm - What HR staff will you need in London? Will your HR employees be expatriate employees, host country nationals, and/or third country nationals?

Vision statement for reaching your ideal potential : How did you develop this vision statement for reaching your IDEAL potential?

By testing example with different values for the inputs : The customers should come in at a steady rate by z number of seconds. There must be a max of customers that may come in as w.

A discussion on kirkpatrick''s four levels of evaluation : Provide a explained discussion on Kirkpatrick's four levels of evaluation?

User Account

All Pages