(a) Calculate the marginal (physical) product of the third worker. (b) Define the law of diminishing marginal returns and explain why it occurs. (c) Diminishing marginal returns first occur with the hiring of which worker for the firm?

Q: What can government do to make health systems more equitable

A: Economics is the study of human behavior in response to the use of scarce resources having unlimited…

Q: n Canada everyone has equal access to healthcare. However, emergency, imaging, surgery and treatment…

A: In Canada even though everyone has the equal access to the healthcare, causes more demand by the…

Q: How do economic principles impact healthcare decision making and planning?

A: Healthcare, frequently composed as health care, is an expansive and multifaceted term that…

Q: Circular flow of Government Intervention

A: The circular flow of income, also known as the circular flow, is an economic model in which major…

Q: what does non-stationarity mean ?

A: Non - stationary means something which changes its trend over a period of time.

Q: Which method would you use to evaluate a new medication based only on the cost? Cost effectiveness…

A: Cost-based analysis: Cost-based analyses are done by the systematical derivation and analysis of net…

Q: What is new in America’s health care reform law?

A: The Health Care Reform Law enacted in March 2010 brought the Affordable Care Act in America.

Q: What would the best society look like? Will the United States ever have universal health care?

A: A healthy society is about something beyond forestalling wounds and decreasing the loss of life from…

Q: What are the pros and con of having a promotion /pay system at an organization like a hospital?

A: When healthcare providers and their teams perform well, they are compensated for it through bonus…

Q: What are the health care reform options?

A: Health Care is the basic necessity of life.

Q: Considering the role governments play, carefully explain the market for health care. Any graphs if…

A: Introduction: The health care market is a complex and highly regulated system governed by the…

Q: Waite the report on any the progsuIRe organision in' yourx locality!

A: The report writing which will be held in a locality is based on the tree plantation program. So all…

Q: What is the government's role workplace safety regulations

A: Workplace safety regulations are essential for the safety of workers and to prevent their…

Q: How doses a product manager effectively manage a products life cycle , and what dose “creating a new…

A: Product lifecycle- A new product goes through the stages in the market place i.e. introduction,…

Q: Health insurance is a

A: In an economy, insurance refers to the agreement between two parties where an insurer promised to…

Q: differentiate needs from wants in healthcare

A: Healthcare is dissimilar from other services because the definition is not clear. Every customer in…

Q: What factors can be identified that are affecting the demand for healthcare. Also the demand for…

A: The demand for healthcare has come from the demand for health. So as to get a stock of health…

Q: How is the World Health Organization structured and governed?

A: World Health Organization is an international organization for public health.

Q: What are different types of managed care Plans in terms of operation/definition and cost control…

A: The 3 managed care plans include: High Deductible Plans, Health maintenance Organizations and Point…

Q: what are the recommendations for vouch insurance?

A: Vouch insurance is a firm that provides insurance for tech startups. Launched in 2019, it presently…

Q: how can the healthcare economy be fixed? How can we solve healthcare problems?

A: The part of the economy concerned with economic activities associated with the production,…

Q: What impact does the National Center for Health Statistics have on a country's economy and…

A: The National Center for Health Statistics (NCHS) is a crucial agency that primarily deals with…

Q: Why do you think the cost varies based on a person’s insurance status?

A: While answering this, it is assumed that the insurance in question here is health insurance. Being…

Q: Is Healthcare like any other commodity

A: Healthcare is one of the industries of service sector that provides facilities related to health…

Q: What differentiates for-profit and nonprofit healthcare organizations financially

A: This can be described as the concept that shows the ultimate or final gain of an individual or…

Q: Covers a wide range of medical expenses, including hospitalization and prescription drug benefits.…

A: Match each type of health care program with its correct description.Given,Medicare.Medicaid.Veterans…

Q: what is the Effect on the Supply of Microcredit

A: Microcredit is the lending of money in small portions. Microcredit financing is done by many small…

Q: The part of the policy which may request an insured to submit as a proof of loss is called the…

A: In Insured policy, Conditions are provisions inserted in the policy that qualify or place…

Q: Why do individuals choose to become physicians?

A: Being a doctor is a dream for millions. While the goal is common: “I want to become a doctor,”…

Q: Graph showing government role in the market for health care

A: The health care market is a complex and highly regulated system governed by the government.…

Q: the different treatment alternatives for drug and alcohol abuse.  What are several strengths and…

A: Drug abuse: It refers to the situation under which the people who take drugs or alcohol will abuse…

Q: Where does the United States rank on efficiency ofhealth care?

A: Answer is given below

Q: what economic and legislative changes are most likely to impact your healthcare organizations, and…

A: The issue under discussion has to do with healthcare policy and management. It focuses specifically…

Q: The Role Of Strategic Priorities In Health Care

A: Health economics becomes relevant in modern times mainly because it highlights how and why people…

Q: What sectors of life the loss aversion can be found in? Explain.

A: Loss aversion basically refers to a cognitive bias that explains why the agony of losing is twice as…

Q: How do health administrators have technical skills

A: The recent shift to Electronic Health records (EHR) by the healthcare industry ha led to the…

Q: How bioinformatics is related to Business?

A: Bioinformatics is defined as storing, analyzing and managing biological data.

Q: What is underemployment

A: Underemployment is the measurement of the economy's jobs and labor efficiency. It explores how…

Q: What is the relationship between hospital consolidation and prices? Why? What about between hospital…

A: What Is Hospital Consolidation?  Solidification in medical care incorporates mergers, acquisitions,…

Q: what do you think is the fastest way to promote an advocacy?

A: Advocacy means to advocate something or some product.

Q: Identify & Define a Community Hospital

A: Health economics is a branch of economics that specializes in  issues related to efficiency and…

Q: Impact of mandatory Phihealth coverage for all person with disability.

A: The PWD ID is the standard distinguishing proof card for people with disability (PWDs) in the…