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Business
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| Number of pages / Number of words: |
4 / 965 |
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We would like to keep our staff busy but not over burdened.· Performing laboratory test that is needed for the immediate use of the physician and sending other test to regional labs when the completion of the patient diagnosis is not as critical. Also we would desire to keep up with technology and not perform outdated testing...
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Also we would desire to keep up with technology and not perform outdated testing. The factors of production include full employment, production efficiency, fixed resources, fixed technology, consumer goods and capital goods. (McConnell and Brue #1) Chapter 2, p 25
Law of Increasing opportunity cost: a greater amount of a product produced while rendering the opportunity of producing another type of product...
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