For the Utility Function U(X,Y) = X⁰

question 101

Multiple Choice

For the utility function U(X,Y) = X^0.5Y^0.5, the marginal rate of substitution MRS_XY is:

• A) 0.5Y/X.
• B) 0.5X/Y.
• C) X/Y.
• D) Y/X.

Understand the five rights of delegation and their application in clinical settings.

Identify appropriate staff assignments based on patient care needs.

Recognize which tasks can be safely delegated to nursing assistive personnel (NAP).

Develop organizational skills for efficient patient care.

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Definitions:

Organic Structure

An organizational design that is flexible and decentralized, with a focus on employee empowerment and informal communication networks.

Cross-Functional Teams

Cross-functional teams bring together members from different functional departments.

Lateral Communications

Communication that occurs between individuals or groups at the same level within an organization, not following the vertical, hierarchical structure.

Innovation

The process of creating new ideas, products, or methods, which bring improvement over existing ones.