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:

Cognitive Theory

A theory in psychology that emphasizes internal states and processes, such as perception, thought, problem-solving, and memory, as fundamental in understanding behavior.

Depression

A mental health disorder characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.

Bleak Thoughts

Pessimistic, hopeless, or despairing ideas and mental states.

Schizophrenia

A long-term mental disorder involving a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception and withdrawal from reality.