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Why is making cost/benefit analysis of healthcare expenditures so difficult?
a. Because few healthcare managers are able to calculate the MHP (marginal health product) of remedial health interventions.
b. Because most costs of healthcare are difficult to quantify.
c. Because measurement instruments in most physician's offices are restricted to scales for weight and that little sliding thing to measure height.
d. Because costs and benefits of healthcare are often expressed in different units of measure
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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