The inputs for this scenario would involve the helicopters and the aids loaded in the helicopters for the Physician (DR) hours per week Aide (PA)

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The inputs for this scenario would involve the helicopters and the aids loaded in the helicopter’s for the


Physician (DR) hours per week

Aide (PA) hours per week

40

60

80

30

200

300

360

40

400

550

600

50

550

700

750

Requirements:

a) What is the average product of an hour of aides’ time if 30 hours of a physician’s time are combined with 40 hours of an aides’ time per week?

b) What is the marginal product of an hour of aides’ time if a physician’s works 40 hours per week and an aide works between 40 and 60 hours each week?

c) If a DR works 40 hours per week, are there diminishing marginal returns to more aide time?

d) The table indicates that 550 patients per week can be seen using two different combinations of DR and PA time: (50 DR, 40 PA) and (40 DR, 60 PA). Using this information, what is the value of the MRTS between PA and DR time when 550 patients are seen per week (That is, what is ∆DR/∆PA). Describe in words the meaning of this calculated value of MRTS.

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