This topic contains a solution. Click here to go to the answer

Author Question: The chief financial officer and the nurse executive of a hospital are determining the need and ... (Read 97 times)

PhilipSeeMore

  • Hero Member
  • *****
  • Posts: 561
The chief financial officer and the nurse executive of a hospital are determining the need and wisdom of hiring additional nurses. In which case would this be advisable?
 
  1. If the marginal revenue product is less than the wage rate
  2. If the marginal benefit is greater than the wage rate
  3. If the marginal product is equal to the marginal expense
  4. If the marginal expense indicated diminishing marginal returns

Question 2

The only hospital in a rural area sets nursing wages at a rate lower than the closest metropolitan hospital that is 100 miles away. Which financial term describes this scenario?
 
  1. Monopsony
  2. Pecuniary
  3. Derived demand
  4. Marginal product


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

canderson530

  • Sr. Member
  • ****
  • Posts: 317
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly




PhilipSeeMore

  • Member
  • Posts: 561
Reply 2 on: Jul 8, 2018
Excellent


kswal303

  • Member
  • Posts: 316
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

For a complete list of videos, visit our video library