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The nurse manager of a unit has lost many staff members,and the unit is now staffed with a large number of agency and traveling nurses.She knows that the agency and traveling nurses are all contracted to stay on the unit for the next 3 months.One way to improve morale and decrease stress in the unit would be to:
Economic Profit
The difference between total revenue and total costs, including both explicit and implicit costs, indicating the financial gain that exceeds opportunity costs.
Perfect Competitor
A firm in a perfectly competitive market, having no control over market price and where goods offered are perfect substitutes.
Differentiated Product
A product that has been designed or marketed to stand out from similar products offered by competitors.
Elastic
Refers to the responsiveness of the quantity demanded or supplied of a good or service to a change in its price.
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