Category: study guides
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Draw the graph for a monopoly with demand, marginal revenue, and marginal cost curves. Identify the profit-maximizing output level (Qm) and price (Pm).
The graph shows the demand, marginal revenue (MR), and marginal cost (MC) curves for a monopoly. The profit-maximizing output level (Qm) is 32 units, and the corresponding price (Pm) is 68. At this output level, the monopoly maximizes its profit by setting the price where the marginal revenue equals the marginal cost
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Write a briefing note (500-750 words) directed to the person that might be your manager of risk management outlining how your organization may or may not be meeting The Joint Commission Standards as it relates to the forensic patient.
Module 1 Assignment Description: Briefing Note The Joint Commission (TJC) guidelines emphasize that hospitals must educate their staff regarding the identification and appropriate management of the forensic patient. Assessments on patients must be conducted within the context of the requirements of the law regarding the collection and preservation of evidentiary materials and support future legal…
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Assignment 2 Identify two nursing theories or theorist, discuss each theory or theorist with comparison and contrast. Paper content should be 2-3 pages in length (excluding title and reference page) and follow APA formatting guidelines
Assignment 2 Identify two nursing theories or theorist, discuss each theory or theorist with comparison and contrast. Paper content should be 2-3 pages in length (excluding title and reference page) and follow APA formatting guidelines. Plagiarism review is to be less than 20%. If greater than 20%, revised assignment and resubmit. Rubric Theoretical Assignment 2…
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Case Study 2: HPI: Ms. Juggenmeir is a 71–year old Female who comes into your office with concerns of fatigue and dry skin. She is a retired Banker. She is AAOx4, ambulatory, and lives by herself. She does report increased fatigue no matter how much sleep she gets. She is also concerned that she may need to come off of one of her meds because her hair is thinning. She had labs done and also was informed they would review results at this visit. Other pertinent diagnoses include Hypertension, Hyperlipidemia, and Vitamin D deficiency. She admits to not taking her vitamin d daily as prescribed.
Case Study 2: HPI: Ms. Juggenmeir is a 71–year old Female who comes into your office with concerns of fatigue and dry skin. She is a retired Banker. She is AAOx4, ambulatory, and lives by herself. She does report increased fatigue no matter how much sleep she gets. She is also concerned that she may need to come off of one of her meds because her hair is thinning. …
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How does a Monopolist Reach Equilibrium? whether MC is rising or falling or remaining constant, a monopoly reaches equilibrium provided the following two conditions are fulfilled:
Perfect competition is compatible only with increasing cost situation, In other words, a perfectly competitive firm reaches equilibrium only when MC is rising. A competitive firm never reaches equilibrium when MC is falling (i.e., when the firm operates under decreasing cost condition) or when MC is constant (i.e., constant cost condition). Thus, perfect competition and…
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Absolute Control Over Market Supply vs. Absence of Control Over Market Supply:
The following are the main points of distinction between monopoly and perfect competition: ADVERTISEMENTS: 1. One Firm vs. Many Firms: In a monopoly market a single firm produces or sells a particular product. But under perfect competition a large number of firms produce or supply an identical product. 2. Absolute Control Over Market Supply vs.…
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Price-Output Determination in a Multi-Plant Monopoly In this article we will discuss about the price-output determination in a multi-plant monopoly in the long run.
In the long run, a monopoly organisation with a number of plants may increase (or decrease) the number of its plants with a view to obtain the profit-maximising solution. Now, each plant of the monopolist may be of a different size, and in the long run the size of each plant is a variable.…
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Exam Question # Q.6. What do you mean by Monopoly, Pure Monopoly and Bilateral Monopoly: Ans. Monopoly:
Monopoly is a market situation in which there is only one seller of a product. The product has no close substitutes. The cross elasticity of demand with every other product is very low. The monopolized product must be quite distinct from the other products so that neither price nor output of any other seller…
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Exam Question # Q.5. What is the difference between Perfect Competition and Pure Competition?
Ans. Perfect competition is often distinguished from pure competition, but they differ only in degree. The first four conditions relate to pure competition while the remaining three conditions are also required for the existence of perfect competition. According to Chamberlin, pure competition means “competition unalloyed with monopoly elements,” whereas perfect competition involves “perfection in many other…
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Exam Question # Q.1. How does Managerial Economics Differ from Economics?
Ans. i. Whereas managerial economics involves application of economic principles to the problems of the firm, Economics deals with the body of the principles itself. ii. Whereas managerial economics is micro-economic in character economics is both macro-economic and micro-economic. iii. Managerial economics, though micro in character, deals only with the firm and has nothing to do…