Monetary and Fiscal Policies

        An economy is assumed to be operating at full capacity when its real GDP (what the economy produces) equals its potential GDP (what the economy would produce if all factors of production are used). When the economy is producing at full...

Hospital striving to implement an EHR

You work for a small hospital striving to implement an EHR. One of the vendors is proposing that you purchase a cloud-based EHR. Evaluate all the cloud options, along with the potential advantages and disadvantages for your organization.

The elasticity of demand for a product

        Pick a product or service that you consume on a regular basis and speculate on what the elasticity of demand might be for that product. What might be the income elasticity of demand for that product? Explain and support why you think the...

Consumer, Produces and Total Surplus

        Consumer Surplus. Producer Surplus. Total Surplus. How are these concepts used to explain welfare economics? How are these concepts used to explain the benefits of trade? How are these concepts used to explain why restricting trade reduces...