Interpret the meaning of the statement, "We need to measure the marginal revenue product of nursing care."
1. The profession of nursing must set the amount of revenue each nurse can produce.
2. The profession of nursing needs to establish the clinical and economic contributions of nurses to patient care.
3. The profession of nursing should identify how much output nursing can influence.
4. The profession of nursing should research the future demand for nurses.
2
Rationale 1: This statement is not calling for a quota that each nurse should produce. This statement is closer to a measurement of the marginal product of labor.
Rationale 2: Marginal revenue is the additional revenue generated. This statement calls for research into how nurses contribute to both the clinical care of patients and to the health care revenue stream.
Rationale 3: This is closer to a measurement of the marginal product of labor.
Rationale 4: In order to impact demand for nurses, nursing should demonstrate the clinical and economic benefits of employing nurses.
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