Suppose hospital production (Y) is a function of physicians (P) and nurses (N) .Let the hospital production function be 
.The production demonstrates.
A) Increasing returns to scale
B) Constant returns to scale
C) Decreasing returns to scale
D) Both increasing and decreasing returns to scale
Correct Answer:
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Q10: Suppose there are two hospitals in the
Q11: The average fixed cost curve is
A)U shaped
Q12: If a hospital displays decreasing average costs
Q13: Hospitals compete mainly in a _ market.
A)Product
Q14: Using the graph below,answer the following questions:
Q15: When the patient _ information,the physician demand
Q16: If a hospital is experiencing economies of
Q17: If the marginal product of the last
Q19: Oligopoly is described as
A)Few identical firms and
Q20: One of the benefits of a national
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