Having a free urgent care clinic in Downtown detroit michigan is a very good idea especially because of the poverty, homelessness people they need the care. As we look at production costs think about the cost of inputs needed to run a free urgent care clinic in Downtown detroit. This should include 1) labor (with any specific skill sets that might be required) and 2) at least one of the following: raw materials, suppliers, business-to-business services, environment conditions. Indicate whether these resources are available in the city or region. If they are not, where and how would a new business in this city obtain them? Discuss the impact of these resources on production costs. Some questions to consider might be: Are there transportation costs involved in acquiring resources? Are any functions typically outsourced? What type of transaction costs are involved? Are there external factors that might affect resources needed in production (eg: weather, regulation)
Having a free urgent care clinic in Downtown detroit michigan is a very good idea especially because of the poverty, homelessness people they need the care. As we look at production costs think about the cost of inputs needed to run a free urgent care clinic in Downtown detroit. This should include 1) labor (with any specific skill sets that might be required) and 2) at least one of the following: raw materials, suppliers, business-to-business services, environment conditions. Indicate whether these resources are available in the city or region. If they are not, where and how would a new business in this city obtain them? Discuss the impact of these resources on production costs. Some questions to consider might be: Are there transportation costs involved in acquiring resources? Are any functions typically outsourced? What type of transaction costs are involved? Are there external factors that might affect resources needed in production (eg: weather, regulation)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Having a free urgent care clinic in Downtown detroit michigan is a very good idea especially because of the poverty, homelessness people they need the care. As we look at production costs think about the cost of inputs needed to run a free urgent care clinic in Downtown detroit.
This should include 1) labor (with any specific skill sets that might be required) and 2) at least one of the following: raw materials, suppliers, business-to-business services, environment conditions.
Indicate whether these resources are available in the city or region. If they are not, where and how would a new business in this city obtain them?
Discuss the impact of these resources on production costs. Some questions to consider might be:
- Are there transportation costs involved in acquiring resources?
- Are any functions typically outsourced?
- What type of transaction costs are involved?
- Are there external factors that might affect resources needed in production (eg: weather, regulation)
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