What are costs of the visit from the perspective of society

Assignment Help Business Economics
Reference no: EM133392574

Question

A practice uses $40 worth of a dentist's time, $30 worth of a hygienist's time, $10 worth of supplies, and $15 worth of a billing clerk's time to produce a visit. The practice charges a patient $25 and charges the patient's insurer $70. The insurer spends an additional $4 to process the claim. The patient incurs travel costs of $20. What are the costs of the visit from the perspective of society, the patient, the practice, and the insurer?

Reference no: EM133392574

Questions Cloud

Skills and attitudes to future proof your career : Describe an example of an interesting professional development opportunity that can help you develop relevant skills and attitudes to future proof your career
The barringer-ireland business model for starting lace glue : As a special feature our glue is waterproof, sweatproof/ active friendly, and comes in different scents such as strawberry, mango, and pineapple.
Call for de facto permanent ban on evictions : Left-wing activist, led by Councilman Sean Parker, call for de facto permanent ban on evictions.
Do rising egg prices affect demand : With the Avian flu destroying flocks all over the world as well as countless disasters wiping out chicken houses like the Muskegon chicken coop fire.
What are costs of the visit from the perspective of society : What are the costs of the visit from the perspective of society, the patient, the practice, and the insurer?
Developed effective gene therapy for diabetes : You are considering acquiring a firm rumored to have developed an effective gene therapy for diabetes.
A theater near you : Are the trading relationships between the movie studios and the movie exhibitors stable? Who has invested in "specific assets"? What makes them specific?
New type of home security system : You are a researcher who has a client that markets a new type of home security system for people who rent their home.
Threshold model stops companies from evolving : Do you see other areas in business where the threshold model stops companies from evolving, getting stuck in their own norm

Reviews

Write a Review

Business Economics Questions & Answers

  If the bidders at a first-price auction

If the bidders at a first-price auction have true values of $8, $7, $6, and $5, the item will sell for a. just under $7   b. $8     c. $7     d. just over $7. If the bidders at a second-price auction have true values of $78, $72, $66, and $65, the it..

  Manager of a small business in a small town

Wal-Mart Effect was coined in 1990. When a large retail store moves into a small town, it affects both consumers and small businesses because of the economies o

  Cross-price elasticity of demand

What do you think the sign and magnitude of the Cross-Price Elasticity of Demand would be between premium juices and soda.

  Delivery of public health insurance program

Delivery of a public health insurance program, and hypothesize their main effects on the achievement of social goals overall.

  Emerging economies interested in expanding overseas

From institution-based and resource-based views, identify the liability of foreigners confronting MNEs from emerging economies interested in expanding overseas. How can such firms overcome them?

  Minimum value you must obtain from attending game

You are considering going to a football game. What is the minimum value you must obtain from attending the game, so that you decide to go?

  Describe sartre view of freedom

Describe Sartre's view of freedom and whether you think he is correct that we can freely determine who we are.

  Considering the purchase of earth-moving equipment

A land development company is considering the purchase of earth-moving equipment. The equipment will have a first cost of $190,000 and a salvage value of $70000 when the company sells it in 10 years. how many days per year must the company need the e..

  Cross-price elasticity of demand with firm

Firm A faces a price elasticity of demand of -2.5 and a cross-price elasticity of demand with Firm B's product of 0.75.

  Sole mechanism for determining the optimal level

Deficient as the sole mechanism for determining the optimal level of resource employment.

  Elasticity of demand for cigarettes

In 1999 Governor Glendening of Maryland proposed an increase of $1 per package in Maryland's cigarette tax, which would increase the price per package.

  What would be the winning firm surplus from the auction

The U.S. government is auctioning the mining rights to a deposit of copper ore on federal land. The net economic value of the copper ore is $100 million but thi

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