The diagnosis-related-group (DRG) system adopted by Medicare since 1983 has had the following effects, except:
A. Hospitals now receive a fixed payment for treating each patient
B. The average length of a hospital stay has increased
C. More patients are treated on an outpatient basis
D. Hospitals now have an incentive to restrict the amount of resources used for patients
B. The average length of a hospital stay has increased
You might also like to view...
Your neighbor likes to blast 1970's rock music and the louder the better. The loud music imposes a cost on you because it disrupts your study of economics. Let D stand for the volume of his music in decibels, B for his benefits and C for your costs, where B and C are measured in dollars. For any given volume, D, your neighbor's benefit is B = 0.63D - 0.002D2 and your cost is C = 0.06D + 0.001D2. What is the efficient volume, D?
A. 90 B. 95 C. 115 D. 345
Trisha believes the production of a dress requires 4 labor hours and 2 machine hours to produce. If Trisha decides to operate in the short run, she must spend $500 to lease her business space
Also, a labor hour costs $15 and a machine hour costs $35. What is Trisha's cost of production as a function of dresses produced?
Because consumers want more Baby Bigfeet dolls, more Baby Bigfeet dolls will be produced and brought to the market. This is an example of
a. consumer sovereignty b. resources not being scarce c. ceteris paribus d. a natural resource e. macroeconomic activity
MRP represents what the marginal physical product is worth.
Answer the following statement true (T) or false (F)