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1. In judging the efficiency of hospitals would it be sufficient to just compare the cost per patient day, with the lowest cost hospital being the most efficient? Explain.
2. What are boutique hospitals and why are they different than a full-service hospital in how they compete in the market?
3. What is the major cause of the trend toward multi-hospital chains?
4. What factors do you think most contribute to the declining occupancy rates of U.S. hospitals over the past decade? (You should think both of technological change and financial incentives.) Data show that occupancy rates have begun to stabilize in recent years, despite the continuing forces for declining use of the inpatient hospital facility. To what do you attribute this phenomenon?
5. Does the not-for-profit status of most U.S. hospitals make it more or less likely that any single hospital will close its doors in the face of falling demand? Why?
6. If hospitals began to affiliate within regions, would you expect that "unnecessary duplication of facilities" would increase, decrease, or stay the same? Why?
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
Draw the production possibility curve and a. Define consumer surplus and producer surplus.
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The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled
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What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Calculate gross national product and net national product
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