1. Hettinger Hospital bases its budgets on patient-visits. The hospital’s static budget for March appears below: Budgeted number of patient-visits 8,900 Budgeted variable cost; Supplies (@$10.00 per patient-visits) $89,000 Laundry (@$9.70 per patient-visit) 86,330 Total variable cost 175,330 Budgeted fixed costs; Wages and Salaries 99,840 Occupancy costs 107,840 Total fixed cost 207,680 Total cost $383,010 The total variable cost at the activity level of 9,000 patient-visits per month should be:

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1. How does a profit-maximizing firm that is operating in a competitive labor market respond to an increase in the wage rate? A. The firm will demand less capital due to the substitution effect. B. The firm will demand more labor due to the substitution effect. C. The firm will produce less output due to the scale effect. D. The firm will demand more capital due to the scale effect. E. The firm will demand more labor due to the scale effect. 2. Labor demand is more elastic A. the greater is the supply elasticity of capital. B. the greater is the elasticity of substitution between labor and capital. C. the greater is the elasticity of demand for the firm’s output. D. the greater is labor’s share in total costs. 3. What is the most accurate description of the value of a worker to the firm? A. The wage. B. The firm’s total output when holding capital fixed. C. The firm’s average product when holding capital fixed. D. The dollar value of the worker’s output. E. The dollar value of the average worker’s output.

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1. How does Amazon.com bring utility or create value for its customers?

2. Explain the marketing framework of Amazon.com?

3. What do you learn about marketing from the Amazon story?

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1) how does consolidation improve airlines revenues? how might it improve their cost?2) are their any disadvantage o he airline of consolidation?3) why do you think southwest airline is ( on average ) the most profitable of the US airline ? should it attempt to integrate with other airline? why or why not?

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1. How does the ERM operate?

2. What is the advantage of freely floating exchange rates?

3. What is ‘dirty floating’?

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