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You notice that wait times in your Emergency Department are growing longer,because of factors such as increases in the numbers of persons with chronic disorders,discharge of patients into the community at a higher level of acuity,and limited resources for transfer of inpatients.You begin to think about an application that would use your knowledge of the Emergency Department but also software and business applications and wonder if this would reduce wait times.You have not encountered anything similar to this idea.According to the Wise Forecast Model©,you are in what phase?
ATC Curve
A graphical representation of the Average Total Cost, depicting how average cost of production varies with the quantity of output produced.
Efficient
Describes a process or system that achieves maximum productivity with minimum wasted effort or expense.
Economy
The system of production, distribution, and consumption of goods and services within a particular geographical area.
ATC Curve
Represents the Average Total Cost curve, showing the per-unit cost of production at different levels of output.
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