Explain how illness this year results in an appendectomy

Assignment Help Business Economics
Reference no: EM1346939

The event he requires an appendectomy, David's demand for hospital accommodations is as shown in the diagram. David's current insurance policy fully covers the cost of hospital stays. The marginal cost of providing a hospital room is $150 per day. If David's only illness this year results in an appendectomy, explain how many days will he choose to stay in the hospital?

Reference no: EM1346939

Questions Cloud

Describe whether indian consumer goods industry is growing : Describe whether Indian Consumer goods industry is growing at the cost of future profitability.
Evaluate communication strategies : Describe what strategies or techniques do you believe would be the best approach to take when communicating with each of these clients?
What is the multipole expansion method : The heat of vaporization of ethyl alcohol is about 200cal/g. If 1.30 kg of it were allowed to vaporize in a refrigerator, how various grams of ice would be formed from 0°C water.
Retirement and estate planning : Determine when you should start to think about retirement & real estate planning and you begin taking action? Explain your answer.
Explain how illness this year results in an appendectomy : If David's only illness this year results in an appendectomy, explain how many days will he choose to stay in the hospital.
Systems analyst can help with project management tasks : Explain how systems analyst can help with project management tasks. Also, explain how new employee can contribute to tasks.
Describe the cost flow in job order costing system : The three product cost elements?direct materials, direct labor, and overhead? Flow through job order costing system in structured, orderly fashion. Specific accounts and subsidiary ledgers are employed to verify and record cost information.
Question related to communication process : Use the eight phases of the communication process list below to analyze a miscommunication you've recently had with a co-worker, supervisor,classmate or family member or friend and what idea were you trying to share
Elucidate how an economist could use the slope of the yield : Elucidate how an economist could use the slope of the yield curve to analyze the probability that a recession will occur and why the spread may matter.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

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.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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