Economic analyses of clinical and administrative innovations

Reference no: EM13692491

1) Why have economic analyses of clinical and administrative innovations become more important?

2) A clinic finds that by eliminating appointments it can reduce costs. The clinic is able to eliminate some telephone staff, and physicians become more productive. Patients wait until the physician is available, so there is virtually no down time. Does this analysis adopt a societal view of costs? Why might this analysis result in a bad managerial decision?

3) Treating a patient with congestive heart failure with tPlex rather than Isother increases average life expectancy to 12.3 years from 11.5 years. The added cost of therapy is $14,000. What is the cost per life year?

4) What does it mean to have market power? Are firms with market power extremely profitable?

5) Why might banning advertising drive up prices?

Reference no: EM13692491

Questions Cloud

Perfectly competitive industry except in one respect : Merlin is like all other managers in a perfectly competitive industry except in one respect: Because of his great sense of humor, people are willing to work for him for half the going wage rate.

Determine the monthly payments : Determine the monthly payments on a $150,000 mortgage (loan) at 6.00% (annual interest) compounded (paid) monthly for 30 years. ($ 899.32). What is total interest paid over the 30 years?

Firm in a merger avoid antitrust action by the government : How can a firm in a merger avoid antitrust action by the government?

All dairy farms in a perfectly competitive milk market adopt : An agricultural engineer from Whitehall, Wisconsin has discovered a new method of milk extraction that causes less swelling to a cow’s udders, and therefore each cow has a faster recovery time between milking.

Economic analyses of clinical and administrative innovations : Why have economic analyses of clinical and administrative innovations become more important? What does it mean to have market power? Are firms with market power extremely profitable? Why might banning advertising drive up prices?

Money is still useful during times of inflation because : Money is still useful during times of inflation because, the opportunity cost of holding a dollar is, The money supply is

Discovered a new method of milk extraction : An agricultural engineer from Nebraska has discovered a new method of milk extraction that causes less swelling to a cow's udders, and therefore each cow has a faster recovery time between milkings.

What is the market equilibrium and price : There exists 10,000 firms in a market each with MC curve MC=2q. Where Q = quantity of production (of the firm). Assume aggregate demand is 20,000 and independent of price. What is the market equilibrium and price?

Two factories together have marginal abatement cost equal : Two factories together have marginal abatement cost equal to MACT = 750 - 6eT, where e1 + e2 = eT. The undesirable pollutant imposes a cost on the residents of society and this is given by the marginal damage cost MD= 4eT.

User Account

All Pages