Keisker Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 2,380 client-visits, but its actual level of activity was 2,370 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for November: Data used in budgeting: Fixed element per month Variable element per client-visit Revenue $ 0 $ 55.90 Personnel expenses $ 31,000 $ 26.50 Medical supplies 880 10.50 Occupancy expenses 7,280 3.80 Administrative expenses 4,980 1.90 Total expenses $ 44,140 $ 42.70 Actual results for November: Revenue $ 122,789 Personnel expenses $ 68,065 Medical supplies $ 21,023 Occupancy expenses $ 12,770 Administrative expenses $ 6,859 The personnel expenses in the planning budget for November would be closest to:

Consider the following scenarios. use what you have learned to decide if the goods and services being provided are individual, public, or merit goods. for each case, state what kind of good has been described and explain your answer using the definitions of individual, public, and merit goods. (6 points each) 1. from your window, you can see a city block that's on fire. you watch city firefighters rescue people and battle the flames to save the buildings. 2. while visiting relatives, you learn that your cousins attend a nearby elementary school that is supported financially by local property tax revenue. 3. you see a squadron of military jets flying overhead. 4. you find out that your aunt works for a defense manufacturing company that has several defense contracts with the government. she tells you that she works for a team that is producing a communications satellite. 5. your class visits a local jail run by a private, profit-making company that detains county criminals and is paid with tax revenue.

The purpose of the transportation approach for location analysis is to minimize which of the following? a. total costsb. total fixed costsc. the number of shipmentsd. total shipping costse. total variable costs

Which of the following is one of the five fundamental questions? which products will be in scarce supply and which in excess supply? who should appoint the head of the central bank? how much should society save? correct what goods and services will be produced?