Question: 1. Table below provides information on changes in the number of annual patient admissions at Hospital A because of changes in the number of nurses
1. Table below provides information on changes in the number of annual patient admissions at Hospital A because of changes in the number of nurses employed at the hospital. Given this information, please answer items a through f.
| Number of Nurses | Number of Annual Admissions | Marginal Product of Nurses |
| 0 | 0 |
|
| 1 | 5 |
|
| 2 | 15 |
|
| 3 | 30 |
|
| 4 | 50 |
|
| 5 | 75 |
|
| 6 | 95 |
|
| 7 | 110 |
|
| 8 | 120 |
|
| 9 | 125 |
|
| 10 | 125 |
|
| 11 | 120 |
|
Calculate the marginal product of each additional nurse and add to the table under the column Marginal Product of Nurses.
Draw the total product curve of nurses, with the number of annual admissions as the output.
Draw the marginal product curve of nurses, with the number of annual admissions as the output.
Describe how the total product curve and the marginal product curve are changing with the number of nurses and discuss the reason for these changes.
What is the maximum number of admissions that Hospital A can produce?
What is the maximum number of nurses that Hospital A clearly should not exceed? Explain your answer.
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