A Hospital Has a Database for Which All Patient Visits

question 20

Multiple Choice

A hospital has a database for which all patient visits are logged.For each visit,the hospital records information such as the patient's name,age,address,reason for the visit,the date,the doctor's diagnosis,etc.The relationship between the patient table and the visits table is called a _____ relationship.

• A)many-to-one
• B)one-to-one
• C)many-to-many
• D)one-to-many

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Definitions:

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total net benefit to society from the production and consumption of goods.

Benevolent Social Planner

A theoretical construct representing an entity or policymaker that aims to achieve the most efficient and equitable outcomes for society as a whole, often seen in economic models.

Socially Efficient

A condition where resources are allocated in a way that maximizes the overall benefit to society, taking into account all externalities.

Marginal Revenue

The additional income obtained from selling one more unit of a good or service, critical in determining the optimal level of production for a firm.