What is the net marginal revenue to this hospital from an increase of one additional bed

A large architectural firm has just landed a contract to build a hospital. Seven architects currently work 40 hours per week in this​ firm, and all are available to work​ full-time on this project. The managers estimate that they need 400 ​architect-hours per week for 20 weeks to complete this project. Architects earn ​$500 per 40​-hour week. Suppose that there is a fixed cost of hiring an architect of ​$2,000. ​(This cost reflects the advertising​ costs, interviewing​ costs, and so​ forth.) Part 2 The​ firm's current architects are willing to work overtime to complete this project if they receive 1.5 times their usual wage rate for any hours in excess of 40 hours per week.   In this​ situation, the total overtime wages the managers would pay for the project will be ​$enter your response here.

The marginal cost for a company to produce q items is given by MC(q)=0.004q2−0.6q+620. The​ company's fixed costs are ​$8500. Find the marginal cost at a production level of 400 items.   The marginal cost at a production level of 400 items is ??? per item.

Recall a sharecropping agreement is where a farmer provides a percentage of their yield to a landowner in exchange for renting the land. Consider the graph below and answer the following questions (include calculations in work): 11 VMPL 10 8 a*VMPL 5 4 3 2 1 10 15 20 25 30 35 40 45 50 55 Labor (Hour) "andıno

If marginal cost is given by dc/dq= q? + 7q + 6, and fixed costs are 2500, determine the total cost for producing 6 units.

The function that relates the inverse of speed (1/S) (i.e., the time in minutes that it takes to travel 1 mile) to traffic (T) on a highway is 1/S = 4 + 0.05T. Demand for traffic (measure as traffic volume minute) on this road is T=6880-70 (1/S) Find the equilibrium traffic volume in the absence of any congestion toll. Find the marginal cost function for traffic volume, where cost is expressed as travel time per mile in minutes. per Find the optimal level of traffic volume. Find the optimal congestion toll, expressed in minutes. (Imagine that the congestion toll consists of sitting in the “penalty box" for this period of time.) The function that relates the inverse of speed (1/S) (i.e., the time in minutes that it takes to travel 1 mile) to traffic (T) on a highway is 1/S = 4 + 0.05T. Demand for traffic (measure as traffic volume per minute) on this road is T=6,880- 70-(1/S). a. Find the equilibrium traffic volume in the absence of any congestion toll. b. Find the marginal cost…

One study presented in the text calculated the cost per life-year saved for various medical interventions. For each of the scenarios that follow, determine whether the scenario represents diminishing marginal product of medical care. If it does, determine whether the diminishing marginal product is on the extensive or intensive margin. Please completely explain your answer to each scenario. a) Intervention: Pap Smear, Starting at the Age of 20, Continuing to 74. Every 3 years, compared to not screening: Cost per life year saved = $36,017 Every 2 years, compared to every 3 years: Cost per life year saved = $711,671 b) Intervention: Hypertension Screening 40-year-old males: Cost per life year saved: $41,279 40-year-old females: Cost per life year saved: $63,333