Why do hospitals employ nurses but not physicians (at least for the most part), even though physicians are the factor of production that has the most influence over the “production function” within a hospital?
Answer the following question using the economic concepts that you have learned so far in this course. You can use whatever sources you find helpful, but do not discuss the assignment with any student. Do not give your ownpersonal opinion regarding the answer. Answers for the assignment (less any graphs, tables, footnotes, or references) should be no longer than 400 words.
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Answer the following question using the economic concepts that you have learned so far in this…