Answer:
We need first to calculate how much the quantity demanded changed
The quantity of fish demanded with a revenue of $1,500 at $5 per fish is equal to:
$1,500/$5 = 300
For a revenue of $1,800 at $9 per fish:
$1,800/$9 = 200
Now we can calculate the price elasticy of demand. Remember the formula
PED = ΔQuantity /ΔPrice
ΔQuantity = Q2 - Q1 / Q1
Where Q1 is the old quantity demanded and Q2 is the new quantity demanded
ΔQuantity = 200 - 300/300
= -0.33
ΔPrice = P2 - P1/P1
Where P1 is the old price and P2 is the new price
ΔPrice = 9 - 5/5 = 0.8
Now we can finally calculate the price elasticity of demand
PED = -0.33/0.8
= -0,4125
Answer:
The correct answer is letter "A": CNO.
Explanation:
The Chief Nursing Officer (<em>CNO</em>) is the medical professional in charge of keeping patient assistance standards within hospitals. They play different roles that relate to the nursing department with all others in the medical centers to implement strategies and improve inpatients and outpatients' assistance. Nowadays there is constant interaction between CNOs and the Information Technology (IT) department since technology is a key factor that can improve people's treatment and overall assistance in hospitals.