User Account

All Pages

Employer of nurses in the county of castoria

Assignment Help Macroeconomics
Reference no: EM131326710

National Hospital is the only employer of nurses in the county of Castoria, and it acts as a profit-maximizing monopsonist in the market for nursing labor. The marginal revenue product for nurses is w = 50 2N, where w is the wage rate and N is the number of nurses employed (measure in hundreds of nurses). Nursing services are provided according to the supply schedule w = 14 + 2N .

(a) How many nurses does National Hospital employ, and what wage will National pay its nurses?

(b) What is the deadweight loss arising from monopsony?

Reference no: EM131326710

Questions Cloud

What is meant by partitioning the internal rate of return : What is a risk premium? Why does such a premium exist between interest rates on mortgages and rates of return earned on equity invested in real estate?
Which leadership style would fiedler say rick parr uses : Describe Parr's personality based on the Big Five model of personality (Chapter 2). How does Parr's personality influence his leadership style?
Write a memorandum to art with your recommendation on course : Write a memorandum to Art with your recommendation on the course of action your firm should take regarding the dividends received deduction.
Difference between business risk and financial risk : What are some of the types of risk that should be considered when analyzing real estate?- What is the difference between business risk and financial risk?
Employer of nurses in the county of castoria : National Hospital is the only employer of nurses in the county of Castoria, and it acts as a profit-maximizing monopsonist in the market for nursing labor. The marginal revenue product for nurses is w = 50 2N, where w is the wage rate and N is the..
Lead to the most recent financial crisis : Explain the events that lead to the most recent financial crisis. In your opinion, who is to blame?
How does use of scenarios differ from sensitivity analysis : What is meant by a "real option"?-  What is meant by the term overage for retail space?- How does the use of scenarios differ from sensitivity analysis?
Examine the tax legal and ethical issues in the given case : Examine the tax, legal, and ethical issues in the case, and comment on the manner in which the case was handled by the organization and by the regulatory authority. Propose your own solutions to the issues you identify in the case.
What is the btirr on each investment : What is the BTIRR on each investment?- If the BTIRR were partitioned based on BTCFo and BTCFs what proportions of the BTIRR would be represented by each?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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