Suppose That a Regional Health Authority Is the Only Employer

question 44

Multiple Choice

Suppose that a regional health authority is the only employer of nurses,and further,suppose that nurses are not unionized.The 625 currently employed nurses are paid $27 per hour.To attract an additional nurse,the employer must increase the wage to $28 per hour.The marginal cost of this additional worker is

• A)$653.
• B)$28.
• C)$17 500.
• D)$17 528.
• E)$27.

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Definitions:

Request For Proposals

A formal document inviting suppliers or service providers to submit a proposal for a specific product or service.

Unsolicited Proposals

Proposals or offers made without a specific request, often aiming to pitch new ideas or solutions to potential clients or partners.

External Proposals

Proposals submitted to an outside entity or organization, often for funding, projects, or partnerships.

Yardstick Approach

A method of performance evaluation using a standard measure or benchmark to compare against.