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An clinic is training registered nurses to conduct annual wellness visits, a service that is traditionally performed by physicians. At the current levels of
An clinic is training registered nurses to conduct annual wellness visits, a service that is traditionally performed by physicians. At the current levels of nurses and physicians, if another nurse is hired for an hour, it will take nurses 30 minutes to perform an annual wellness visit, whereas if another physician is hired for an hour, it will take physicians 15 minutes to perform an annual wellness visit. At this clinic, all nurses are paid $60 per hour, and physicians are paid $150 per hour. Question 23 1 pts What is the marginal product (MP) for an additional hour of labor for nurses? The units are exams per hour. Only enter a number. Question 24 1 pts What is the marginal product (MP) for an additional hour of labor for physicians? The units are exams per hour. Only enter a number. Question 25 If the clinic were to dedicate additional funds to hiring either additional nurses or additional physicians, which type of health worker should it hire to come closer to achieving productive efficiency? Nurses Physicians Question 26 If the clinic hires more nurses, the marginal product of nurses will likely [Select] [Select] and the marginal product of physicians will likely 1 pts 2 pts
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