Problem
Suppose registered nurses (RNs) are paid $50 per hour, and the hospital is employing the long-run, output-maximizing combination of registered and licensed practical nurses (LPNs), who do similar work as RNs but who have less authority and are paid less due to lower educational requirements.
If the marginal product per dollar (MP/w) spent on the last LPN hour is 0.0756, how many daily registered nurse (RN) hours is the hospital using?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.