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-Explain the definition of each of the concepts for Healthcare Economics: cost benefit analysis; cost effectiveness; quality-adjusted life year; value of life (payments).
-Explain why these economic concepts are important to healthcare administrators as it relates to healthcare spending and current healthcare economic policies to control spending.
-Describe the role of supply and demand in healthcare as demonstrated through use of an example of good, services, and labor markets. Why would a supply and demand analysis be a useful tool as a healthcare administrator?
-Medicaid provides price subsidies that increase service utilization among low-income populations. Describe the relationship between income and healthcare utilization.
-Describe how the PPACA (Patient Protection and Affordable Care Act) has impacted the economics, supply and demand, and the cost to individuals for healthcare coverage.
Assume that the economy can experience high growth, normal growth, or recession. Under these conditions, you expect the following stock market returns for the coming year: State of the Economy Probability Return High Growth 0.2 60% Normal Growth 0.7 ..
In December 1998, after a year in which Asian demand for B.C. lumber had fallen dramatically, an article in The Globe and Mail had the following headline: “Drastic Cost Reductions Needed to Save 13 B.C. Sawmills”. Does this headline suggest that B.C...
Gene has the following utility function: U = XY + 2Y, the Px = $4, the Py = $1 and I=$6. Is the MRSx,y increasing, decreasing, or constant with respect to X? What is the slope of the budget constraint? Find the optimal X and Y.
If typographical errors occur andomly, about how many pagesin book have three typographical errors. What is the median number of typographical errors per page.
Is this what we want our government to do? If not, why do we want government to be more like business?
The social cost of carbon (SCC) is an estimate of the dollar cost to society of emitting each additional tonne of carbon dioxide equivalent. Assume for now that
Suppose the own price elasticity of market demand for retail gasoline is -0.9, the Rothschild index is 0.3, and a typical gasoline retailer enjoys sales of $2,350,000 annually. What is the price elasticity of demand for a representative gasoline reta..
Why is it important to test a theory? Why not simply accept a theory if it sounds right?
What are the consequences of migration for geographic mobility? What does Personal gains, Wage Narrowing and Efficiency Gains refers to?
The interest rates on corporate bonds and government bonds of the same maturity tend, usually, to move together-increasing at the same time and decreasing at the same time. what could explain that fact?
Use the FX and money market diagrams to answer the following questions. This question considers the relationship between Swedish kronor (SEK) and Danish krone (DKK). Let the exchange rate be defined as Swedish kronor per Danish krone. Assume this cha..
Indicate whether each of the following statements describes an increase in demand, decrease in demand, change in quantity demanded, increase in supply, decrease in supply, or change in quantity supplied in the given market.
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