Reprinted from Journal of Quantitative Economics Vol. 5 No. 2‚ July 2007‚ page 95-115 DETERMINANTS OF COST EFFICIENCY OF PUBLIC AND PRIVATE HOSPITALS OF KARNATAKA STATE IN INDIA MAATHAI K. MATHIYAZHAGAN1 Abstract The main objective of this paper is to analyze the determinants of cost efficiency of public and private hospitals of Karnataka State in India. This is estimated through the parametric (stochastic frontier) and nonparametric (data envelopment) methods by using the Hospitals Facility
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marginal benefits. Sellers based their supply production on the consumer demand shift‚ and seller set their prices according to the demand change. That is just some of the basics of economics. There are two types of economic structure: macroeconomics and microeconomics. Colander (2010) defines microeconomics as “the study of how individual choice is influenced by economic forces” and defines macroeconomics as “the study of the economy as a whole” (p. 4). Two examples of macroeconomics are unemployment
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ECO365 Supply and Demand Simulation Student Name ECO/365 – Principles of Microeconomics Instructor Name Date Introduction Supply and Demand is a phrase that every one hears in one way or another‚ Supply and demand phrase according to Colander‚ (2010) is the most used phrase by economist and the reason is because the phrase provides a good “off-the-cuff” answer for many question that have to do with economy. Example why are interest rates to Low? Because supply and demand. Why is Gasoline
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What is the Big Idea? Questions (1-9): 1. What is economics and how does it affect me? 2. How does scarcity force us to make choices? 3. Can we measure the "cost" of our choices? 4. How does supply and demand inform the choices of consumers and business owners? Why is studying supply and demand useful? 5. What factors affect supply and demand? 6. How are prices determined? 7. What is "money"? 8. What gives money its value? 9. Why can’t we just print more currency to solve financial
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Patient Hygiene The aim of this assignment is to explain a nurse’s role in relation to assisting patient’s with meeting their hygiene needs. In order to accomplish this‚ the following areas of the subject will be highlighted; why hygiene is so important and the various aspects of hygiene such as; what influences hygiene‚ assessing a patient‚ bed bathing‚ oral hygiene and eye care. Oxford dictionary describes hygiene as “the conditions or practices conductive to maintaining health and preventing
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raised the amount that high? Why/not? Chapter Questions Ch 4 Questions: 1. Consider the market for eggs. For each of the events listed here‚ identify which of the determinants of demand or supply are affected. Also indicate whether supply or demand increases or decreases. Then draw a diagram to show the effect on the price and quantity of eggs. A. The price of grain that is fed to hens falls. B. The price of bacon falls. C. A new study is released that indicates that eating eggs is hazardous
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Demand Versus Supply: Home Health Care Services It is not a secret the health care industry in the United States is highly competitive‚ that demand for medical services and products grows faster every year‚ and that supply in certain areas is shortening. The demand for health care products and services is the result of the society’s desire of living longer and maintaining a better health status. In the present‚ patients are very interested in learn about the new alternatives the market offers to
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1. As price falls‚ Quantity demand rises 2. Goods for which demand is negatively related to income are called Inferior 3. In the market for tea‚ for some consumers Coffee is a substitute 4. When the price of demand for a good is more than one‚ an increase in the price of the product causes total revenue to Decrease 5. Movement along the demand curve for high rise apartments will be cause by a change in Price of the high rise apartments 6. To determine the relationship
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Market Equilibrium Process Economics/561 Monday‚ February 6‚ 2012 Professor Michael Shackelford Market Equilibrium Process According to "Business Week" (n.d.) “Market equilibrium is a situation in which the supply of an item is exactly equal to its demand. Since there is neither surplus nor shortage in the market‚ price tends to remain stable in this situation.” (Market Equilibrium). The market equilibration process is very important to manufactures and sellers in the marketplace
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Supply and Demand Simulation Summary University of Phoenix ECO360‚ Economics for Business I The Supply/Demand simulation involves acting as property manager for GoodLife Management in the fictional town of Atlantis. GoodLife Management manages seven apartment complexes in Atlantis. The property manager is expected to adjust the monthly rental rate of two-bed rental apartments and the quantity of apartments supplied based on the market trends. Factors that influence the supply and demand
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