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Ap micro unit 4 imperfect competitiion pg 1

Ap micro unit 4 imperfect competitiion pg 1

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R AP Microeconomics Unit 4: Imperfect Competition Topic 4.1- Imperfect Competition-List the characteristics of each market structure 1. Perfect 2. Monopolistic 3. Oligopoly 4. Monopoly Competition Competition A few large producers One large Firm many small firms Large amount of Identical and different Unique products Identical Products sellers products High barrier Low Barrier Some control of High barrier Price Makers Price Takers prices Price makers Low barrier 5. Why is demand greater than marginal revenue for all 7. Draw demand, marginal revenue, and total imperfectly competitive firms? revenue for an imperfectly competitive firm. Each additional unit they sell the price is lowered. Price Elastic Inelastic 6. What are common barriers that prevent other firms from entering an imperfectly competitive market? Charging a higher price Not allocatively efficient not productivelv efficient Topic 4.2- Monopoly 1. Draw and label a monopoly making profit Price ...
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Rasmussen College Financial Forecasting for A Nurse Manager Memo

ourse CompetencyundefinedApply the principles of economics as they relate to nursing and healthcare.undefinedTransferable ...

Rasmussen College Financial Forecasting for A Nurse Manager Memo

ourse CompetencyundefinedApply the principles of economics as they relate to nursing and healthcare.undefinedTransferable SkillundefinedCommunication - Displaying capability in writing, reading, and oral communication; understanding of non‐verbal language.undefinedScenarioundefined The nurse manager in orthopedics has asked for your assistance with a finance project. She is being asked to estimate revenue for the next fiscal year based on the projected number of hip replacements increasing from 300 this year to 340 next year. undefined The nurse manager must also factor in the expected changes in sources of revenue by payer. It is estimated that the hospital will lose some contracted insurers due to local competition, and see an increase in Medicare and Medicaid patients due to area demographics and economic conditions. She has provided you with the numbers from this year’s budget and the projections on numbers and payment amounts for next year. undefinedInstructionsundefined Prepare a financial forecasting memo to your nurse manager that: undefined Part One - Financial Forecasting Model undefinedContains a completed financial forecasting model by downloading the Financial Forecasting Model to: Calculate the income projected from each payer source and total for the year to compare next year’s revenue to this year’s revenue.Provide your nurse manager with your estimates on the increase/ decrease in revenue for next year’s budgeting. undefined Part Two - Financial Forecasting Memo undefinedExplains how the change in payer mix will impact the overall projected revenue of the unit.Describes the financial impact of a changing payer mix.Lists recommendations for the manager to consider in expenses, so that the budget will balance as neutral.Provides stated ideas with professional language and attribution for credible sources with correct APA citation, spelling, and grammar in the memo.

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