Major economic concepts for right decision making

Assignment Help Microeconomics
Reference no: EM13175626

With an unprofitable rural hospital that was offered a contract at a lower price, what are major economic concepts that are important in making the right decision?

Reference no: EM13175626

Questions Cloud

Define what is the value of k at degrees c : The activation energy for the following first-order reaction is 318 kJ/mol. N2O5(g)-->2NO2(g)+(1/2) O2(g). The value of the rate constant (k) is 6.65x10^-5 s^-1 at 84 degrees C. What is the value of k at 49 degrees C. (R=8.314 J/mol K)?
Define the vapor pressure of pure benzene : A solution is 89.8% by volume benzene(C6H6) in carbon tetrachloride at 20 degrees C. The vapor pressure of pure benzene at this temperature is 74.61 mmHg and it's density is 0.87865 g/cm^3;
Explain rationale behind equal prices for unequal distances : Does this make economic sense? Explain the rationale behind equal prices for unequal distances in air travel using supply, demand, and cost curves.
Compute the molar mass of the solute : A solution that contains 87.2g of an unknown compound in 392.4g of water freezes at -8.00 degrees C. Calculate the molar mass(in units of g/mol) of the solute. Kf of water is 1.86 degrees C/m.
Major economic concepts for right decision making : With an unprofitable rural hospital that was offered a contract at a lower price, what are major economic concepts that are important in making the right decision?
Define what is the vapor pressure : The molar enthalpy of vaporization of boron tribromide is 30.5 kJ/mol, and it's normal boiling point is 91degrees C. What is the vapor pressure of BBr3 at 34 degrees C.
What are addictive substances : Sixteen states sue the major tobacco companies for billions of dollars because of tobacco-related costs in their Medicaid programs. Medical evidence that more than two cups of coffee a day (Considered by many to be a substitute for smoking) greatl..
Define a solvent for extraction of organic compounds : Dimethyl ether, used as a solvent for extraction of organic compounds from aqueous solutions, has a high vapor pressure which makes it a potential fire hazard in labratories in which it is used
Describe domestic sales : A domestic shoe company distributes running shoes and tennis shoes for $95 per pair. The marginal cost of producing a pair of running shoes is $60, and the marginal cost of producing a pair of tennis shoes is $45.

Reviews

Write a Review

Microeconomics Questions & Answers

  Would a change of a few thousand dollars have mattered

How important were price considerations in making your college decision? Would a change of a few thousand dollars have mattered?

  What is the most you would pay to call her

What is the most you would pay to call her and ask for the result? Be sure to show the decision tree that fuels your reasoning.

  Draw the demand curve and indicate the portions

Can you draw well-functioning preferences (i.e., they follow our assumptions about preferences) such that X is a normal good and Y is a substitute for X and draw the demand curve and indicate the portions that are elastic, inelastic, and unitary el..

  What is the short run supply curve of the individual firm

What is the short run shut down price for each firm and how does this short run shut down price differ from the long run shut down price?

  Current economic theory

Current economic theory and their application or lack of application to contemporary economic problems

  Evaluate the change in deadweight loss

Calculate the change in deadweight loss if the U.S. replaces a prohibitive tariff per unit on imported wine by an equal production subsidy per unit of wine sold by U.S. producers.

  Estimate the coefficints of the non-linear regression

Estimate the b coefficints of the non-linear regression and do a statistical analysis of the coefficients and what is the implication of the non-liniear regerssion to MPC?

  What are the equilibrium rent and number of rooms?

What are the equilibrium rent and number of rooms? If the college puts a rent ceiling on rooms of $650 a month, what is the rent and how many rooms are rented?

  Methods of decreasing cost

Study an organization of your choice and recommend methods to decrease costs. Determine what effects do technologies have on costs and what are some lower cost sources organization may utilize to decrease cost?

  Foreign exchange rate in us dollar and chinese yuan

Recently, there has been a lot of press about high lead content in toys made in China. This negative press can affect the foreign exchange rate in the United States dollar and Chinese yuan.

  Question about economics in global environment

We make selections as customers every day. Opportunity cost is defined as a person's next best option or the cost of what you give up when you make a choice.

  Effect of rising jet fuel prices

Increasing jet fuel values recently led most major United States airlines to raise fares by approximately 15%. Describe how this substantial increase in airfares would affect the following;

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