How many new facilities should be created

Assignment Help Business Economics
Reference no: EM132387953

A public health official is considering expanding the number of health clinic in an area. The official has information on the following costs and benefits of expanding the number of facilities:

Number of new facilities Costs Benefits

1 50,000 80,000

2 90,000 160,000

3 140,000 230,000

4 200,000 280,000

5 280,000 320,000

a. How many new facilities should be created? Explain

Reference no: EM132387953

Questions Cloud

Law of diminishing marginal returns : There is no difference between the law of diminishing marginal returns and the law of diminishing marginal rate of technical substitution.
Address a contemporary organisational or business issue : Address a contemporary organisational or business issue and apply research skills to identify, select and analyse 10 sources to form an annotated bibliography
What are some global factors that have influence : What are some global factors that have influence upon South Korea? What are favourable and unfavourable international factors that can afect South Korea's
What would happen to the market for both california oranges : What would happen to the market for both California oranges and Florida oranges if there is a freeze in Florida that destroys 20% of the orange crop?
How many new facilities should be created : The official has information on the following costs and benefits of expanding the number of facilities:
Market for personal computers : What can we expect to happen in the market for personal computers? How do the price and quantity at equilibrium change? Explain verbally and graphically.
Do the same considerations and the same responses : Do the same considerations and the same responses - apply to corporate spending? How does one measure "waste"?
Write a java program to generate twenty five random integers : Write a method to calculate the sum of integers 1 to n recursively - Create a database named Books and write and execute the query to create an Authors Table ha
What effect would a price increase have on the total revenue : What effect would a price increase have on the total revenues earned from the proposed product?

Reviews

Write a Review

Business Economics Questions & Answers

  For several decades the labor force participation rate

For several decades the labor force participation rate of women increased steadily but average hours worked per employed woman decreased steadily. Holding all other factors constant could rising wage rates of women explain both phenomena? Explain.

  Ingrained vision is that of suicide bombings

As I agree with the post below that terrorism is Violence or threat of violence, against non-combatants or civilians usually motivated by political

  Increasingly influential in the global economy

What changes in trade policy can be expected as countries such as China and India become increasingly influential in the global economy?

  Performance artists in a twelve month period

The average and standard deviation of the amount of Goods and Services tax remitted by performance artists in a twelve month period

  The federal trade commission act

The United States has a variety of regulations to address the economic harm resulting from monopoly power in an industry. This includes the Sherman Act of 1890, the Clayton Act of 1914, and the Federal Trade Commission Act of 1914. These acts were ai..

  Find investment and taxes-public saving and private saving

Suppose GDP equals $200 million, consumption equals 140 million, government expenditure equals 20 million and has a budget deficit of 5 million. (Hint. suppose this is a closed economy, Y=I+C+G) Find investment and taxes. Find public saving and priva..

  The real value of the minimum wage declined

Between 1990 and 2006, the real value of the minimum wage declined, as measured using the CPI. Assume that the goal of the minimum wage policy is to maintain a constant standard of living for minimum wage earners over time (i.e. their utility, on ave..

  Economic theory of bureaucracy states that athletic director

The economic theory of bureaucracy states that athletic directors: Relative to a perfectly-competitive labor market, a monopolized one: The marginal costs of effort tend to:

  Find clear visions profit maximizing output and price

Find clear vision's profit maximizing output and price; also determine profit. suppose that box city imposes a specific tax of t=1$ per unit of service. find clear vision's new profit maximizing output, price, and resulting profit

  Economists use to empirically test economic theory

Three tools that economists use to empirically test economic theory are randomized experiments, observational studies, and quasi-experimental studies (natural experiments). First rank the three methods in terms of ability to identify casual relations..

  Suppose that the inverse demand curve

Suppose that the inverse demand curve is: p(q) = a − bq, and the cost function is: c(q) = cq. How much consumer surplus is generated when the price is p*? How much producer surplus is generated at p* If the monopolist can only set a linear price (tha..

  Find the quantity combination that would maximize revenues

The monthly market demand curve for calculators among economics students is given by P=100-2Q, where P is the price per calculator in dollars and Q is the number of calculators purchased per month. If the Price is $30, how much revenue will calculato..

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!

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