Which of the Following Is a List of Fixed Inputs

question 68

Multiple Choice

Which of the following is a list of fixed inputs for a hospital?

• A) The lobby, the doctors, and the electricity the hospital uses.
• B) The emergency room, intensive care unit and other facilities.
• C) The nurses, receptionists and other employees.
• D) Bandages, casts and other materials.
• E) Antibiotics, pain medication and other prescription drugs.

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Definitions:

Excessive Control

A situation where the level of regulation or direction exceeds what is considered normal or necessary, often leading to inefficiencies or reduced autonomy.

Industry

A sector of the economy that produces goods or services, often categorized by the type of activity involved, such as manufacturing, agriculture, or services.

Public Good

A good or service that is characterized by nonrivalry and nonexcludability. These characteristics typically imply that no private firm can break even when attempting to provide such products. As a result, they are often provided by governments, who pay for them using general tax revenues.

Government

The government refers to the system or group of people governing an organized community, often a state, setting and enforcing laws and policies.