Price sensitivity and price discrimination

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1. Price Sensitivity/Price discrimination A physical therapy treatment can use a high tech machine to massage patients or a certified massage therapist. If the cost of the machine per unit of service is $100 and the cost of the therapist per unit of service is $50, then the health care provider faces a trade off of how many units of labor for each one unit of capital? Please enter a whole number, with no decimal point.

2. Value and Cost How can an economist maintain that I am better off if I pay $400 for orthotic shoe inserts which make my hip pain worse than it was before I spent the $400?

Reference no: EM13736560

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