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Extended care facilities are paid on a per diem basis, and they have an upward sloping supply curve. What will be the effect on supply
Extended care facilities are paid on a per diem basis, and they have an upward sloping supply curve. What will be the effect on supply or quantity supplied in each of the following cases:
- a reduction in the real per diem rate paid to the extended care facility?
- an increase in wages paid to the staff who work in the extended care facility?
- a new cleaner that allows the extended care facility to hire fewer custodial staff?
- a greater supply of home care services (a substitute for extended care facilities)?
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