Health economists observe individuals willingness

Reference no: EM133702968

Question

Health economists observe individuals' willingness to pay by observing not only cash transactions, but also by observing patients' time spent waiting and/or pain endured to obtain medical services. Examples of observable, non-cash prices paid by patients include all of the following, except: choices a caretaker waits nine months for a family member to receive nursing home care. a patient undergoes experimental cancer vaccine to arrest the growth of a tumor. a patient pays another patient $50 to trade places in the queue at the free clinic. an elderly patient waits eight hours to see a doctor for free at a famous eye clinic. a morbidly obese patient must undergo six months of nutrition counseling prior to undergoing surgery to induce weight loss.

Reference no: EM133702968

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