Psychological therapy or acupuncture treatment

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Reference no: EM131171130

Jasper is tense and nervous. He has two choices: psychological therapy or acupuncture treatment.

Each visit with the psychologist costs $120. Jasper’ travel time is 15 minutes each way and each visit lasts 1 hour. If Jasper attends 2 of these sessions each week for 13 weeks, he will gain 300 healthy days.

Acupuncture therapy costs $600 for a 30 minute treatment, plus $70 per month. Travel time is 20 minutes each way. If Jasper gets acupuncture every month for a year, he will gain 200 healthy days.

Calculate the cost per healthy day under the psychological therapy or acupuncture treatment, and indicate which choice Jasper should make. Assume that Jasper’s wage rate is $30 per hour.

Reference no: EM131171130

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