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An acute care hospital has found that having geriatric nurse specialist take charge of discharge planning for stroke patients reduces length of stays for 5.4 days to 5.2 days. On average the geriatric nurse specialist (who earns $27 per hour including fringe benefits) spends 3.3 hours on discharge planning per patient. Supply and telephone costs are less than $10 per discharge plan. Your accounting staff tells you the average cost per day is $860 and the incremental cost per day is about $340. Is this innovation financially attractive? Whether it is or not, what alternatives should the hospital consider?
Explain following statement using supply-and-demand diagrams: “When weather turns warm in New England every summer, the price of hotel rooms in the Caribbean resorts plummets.” As part of your explanation, illustrate the approximate supply-demand shi..
q1. how short is the short-run production period?enlighten cost advantage of a firm operating at constant returns to
Describe the foreign cultural, economic and political environments Coca Cola as a company operates in and the unique situations these cause.
Does the production technology exhibit increasing/decreasing/constant returns to scale.
What are the basic issues involved in recruiting and selecting managers for foreign assignments? Why is performance appraisal important for international firms? How does international HRM for non-managerial employees differ from that for managerial e..
A simple model of search. Consider an agent who lives two periods. He is unemployed at the beginning of the first period and has a wage offer of w. If he accepts the wage offer w, he will work forever at that wage. How much would the agent value toda..
Determine whether the following production functions exhibit constant, increasing or decreasing returns to scale. Show your work and explain.
An industry consists of a dominant firm with costs C(Qd) = Qd and 8 identical fringe firms, each with costs c(q) = 1 + q^2. Market demand is Q = 20 - p. What is the supply schedule for a fringe firm in the long run? Sketch the supply. (You would need..
The fed choice of monetary policy strategy is
the comnpany offered to pay his debts in one lump sum if he would pay the company $308.29 per month for the next 36 months. What monthly rate on interest is the loan company charging on his transaction?
The unemployment rate reported by the Bureau of Labor Statistics includes all of the following type of unemployment with the exception of
The FOMC is scheduled to meet on December 13-14 and it is anticipated that they will raise the federal funds rate. Explain what the federal rate is. Illustrate, using the theory of liquidity preference model, the impact of the fed’s anticipated polic..
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