ECO 550 MIDTERM EXAM

ECO 550 Mid-Term Exam

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MAT 543-WEEK 6 HOMEWORK

8-1 Two types of visits are provided by the Durham Health Clinic, first-time visits and return visits. Table 8-5 provides the processing time for each work station and the available staff hours per week. Determine the production frontiers for this clinic and indicate which station should be expanded to increase the overall capacity of the clinic. Which service station could be reduced? 8-2 Durham Health Clinic has a contribution margin of $35 per visit. Calculate the break-even point in visits with fixed costs at $4000, $6500, and $8500 per week. Given this analysis, as a manager, what would you recommend and why? 8-3 Durham Health Clinic is considering signing a contract to perform 50 pre-employment physicals per week for a specific corporation. In terms of staff time, a pre-employment physical requires 0.20 hours in Reception/Discharge, 0.45 hours in Nursing and Testing, and 0.20 hours in Medical Examination. By work-station, determine how many work hours per week will be nee...
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MAT 543-CHAPTER 5 HOMEWORK

Question 5-1 Indicate the different ways an individual could forecast his or her weight 10 years from now. Do these methods change based upon whether the individual is 5, 14, 24, or 45 years old? If so, why? Question 5-3 Provide examples from the field of health services management of phenomena that are probably best forecasted using genius forecasting. Why? Question 5-5 Calculate the expected number of infants needing neonatal intensive care in a hospital if the historic rate is 5 per 1000 births, and you expect 575 births this year. Question 5-6 If the annual death rate from smoking is 154 deaths per 100,000 persons, and the annual death rate from firearms is 13.5 deaths per 100,000 persons, how many deaths from these causes would you expect in a community of 1 million people? Buy now
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Macroeconomic solution

2. Expert econometricians in the Republic of Yuck estimate the following: Real GNP (Y)….. 200 Billion Yuck dollars Planned investment spending … 75 Billion Yuck Dollars Yuck is a simple economy with no government, no taxes and no imports or exports. Yuckers (citizens of Yuck are creatures of habit.  They have a rule that everyone saves exactly 25 percent of income. Assume that planned investment is fixed and remains at 75 billion Yuck dollars.  You are asked by the business editor of the Weird Herald, the local newspaper, to predict the economic events of the next few months.  By using the data given, can you make a forecast? What is likely to happen to inventories? What is likely to happen to the level of real GDP? Is the economy at an equilibrium? When will things stop changing? 1.     You are appointed secretary of the treasury of a recently independent country called Rugaria.  The currency of Rugaria is the lav.  The new nation began fiscal operati...
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