Average opportunity cost of a medical

Assignment Help Microeconomics
Reference no: EM132478948

What is the calculation for the average opportunity cost of a medical visit that comes to $43. In other words, the average trip to the doctor's costs $75 ($32 out of pocket + $43 in lost opportunity), and that doesn't count insurance premiums, which are supposed to help cover one's medical expenses.

Reference no: EM132478948

Questions Cloud

How does legalization of marijuana effect : How does legalization of marijuana effect previous pricing levels?
How many nonmembers attended the fundraiser : If total receipts amounted to $1222.50, how many members and how many nonmembers attended the fundraiser?
Determine and list the names of three primary statements : Determine and List the names of three primary statements, and give a brief description of the accounting information contained in each.
What are the main competitors of crocs : What are the main competitors of CROCS? And what do you think the market type is?
Average opportunity cost of a medical : What is the calculation for the average opportunity cost of a medical visit that comes to $43. In other words, the average trip to the doctor's costs $75
Discuss why think financial accounting statements prepared : Discuss why do you think Financial Accounting statements are prepared following Generally Accepted Accounting Principles, while Management Accounting reports
Discuss how observational learning differs : Discuss how observational learning differs from theories of learning that emphasize "conditioning" (classical conditioning and operant conditioning)
Compute the payoff of long forward at euro : Compute the payoff of long forward (size of contract is EUR 100,000 and forward delivery is 4.05) at Euro on the expiration day if exchange rate decreased by 1%
Determine which items is not deductible mortgage interest : Robin is a new tax preparer and understands mortgage interest can be deducted when itemizing. Determine which items is not deductible mortgage interest

Reviews

Write a Review

Microeconomics Questions & Answers

  Who has a comparative advantage at writing

Who has a comparative advantage at writing? Suppose that Steve goes to a writing tutor and learns some tricks that enable him to write 3 pages each day.

  Suppose there is an increase in supply

Suppose there is an increase in supply

  Derive ggcs marginal revenue and marginal cost

Derive GGC's marginal revenue and marginal cost (MC) curves in each market. Show graphically GGC's demand, MR, and MC curves for each market.

  Describe and derive an expression for the marginal cost

Describe and derive an expression for the marginal cost (MC) curve and describe and estimate the incremental costs of the extra 200 pairs per week (from 1,000 pairs to 1,200 pairs of shoes).

  Two firms compete in emerging market for energy drinkscold

two firms compete in the emerging market for energy drinkscold medicine hybrids that feature caffine alcohol and cough

  Can expansionary monetary policy reduce interest rates

Can expansionary monetary policy reduce interest rates and stimulate a higher growth rate of real output in the long run? Explain.

  Electricity is often generated using coal fired plants

Electricity is often generated using coal fired plants. Unfortunately, coal burning produces SO2, which causes acid rain. Consider two countries that border each other to answer the following question. Country A's SO2 emissions are known to negativel..

  Evaluate the value of r-d projects

High Flyer Airlines wants to build new airplanes with greatly increased cabin space. This will allow High Flyer Airlines to give passengers more comfort.

  Economy experiences a decrease in consumer spending

If an economy experiences a decrease in consumer spending, most economists believe:

  Describe securitization process as it associates to housing

1 explain the securitization process as it relates to the housing market. what is the rationale for the establishment

  Household better or worse off with the higher interest rate

w suppose that the interest rate falls to 50%, and the household decides not to borrow or lend at alll. Is the household better off or worse off with the higher interest rate?

  Consider the total cost and the total revenue

Consider the total cost and the total revenue

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd