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Opportunity Cost of Staff Substitution An opportunity cost measures the relative benefit of two alternative uses of the same resource. A regional Urgent Care Center
Opportunity Cost of Staff Substitution An opportunity cost measures the relative benefit of two alternative uses of the same resource. A regional Urgent Care Center would like to know the opportunity cost of replacing one physician with a nurse practitioner. Instead of hiring 5 physicians, they would hire 4 physicians and 1 NP. This will lower total salary cost. Salaries of physicians and NP are given in your Cost
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