Which receives a fee when it directs newly procured organ

Assignment Help Microeconomics
Reference no: EM13221015

Whenever someone suggests that when families or guardians be financially compensated for agreeing to donate organs from a loved one (or someone in their care) who has just died, the following objection is made: If the formerly "free" organ now has a price placed upon it, then that will drive up the total costs for having organ transplants, thus making such operations more expensive and, therefore, out of reach for lower-income people. (As you know, the present system requires that organ donation be voluntary on behalf of individuals making donations, or the families who make the decision regarding a loved one who is about to die. Furthermore, the donation is made to a non-profit organ procurement organization, which then receives a fee when it directs the newly procured organ to the hospital where it will be used in the transplant operation.) Is this an economically valid argument? Why or why not?

Reference no: EM13221015

Questions Cloud

Explain the sign for delta g is negative : how could one be endothermic (positive delta H- NaNO3 dissolves in water) and one be exothermic (negative delta H- NaCH3COO dissolves in water)? Is there more to consider than just the dissolving process?
Is the federal funds rate currently too high or too low : The federal funds rate is currently 3 percent. The equilibrium real federal funds rate is 3 percent, and the weights on the output gap and inflation gap are 0.5 each. The inflation target is 1 percent. Is the federal funds rate currently too high o..
Prepare a induction programme for a new hr administrator : Write a short guidance note explaining 3 purposes of induction and how these can benefit individuals and organisations and prepare a simple induction programme for a new HR Administrator covering the first 3 months of employment
What is lost when no feedback is required : What is lost when no feedback is required?
Which receives a fee when it directs newly procured organ : If the formerly "free" organ now has a price placed upon it, then that will drive up the total costs for having organ transplants, thus making such operations more expensive and, therefore, out of reach for lower-income people.
Describe the areas where you see yourself lacking : From the e-Activity, briefly describe your results from the communication skills quiz. Describe the areas where you see yourself lacking or needing improvement as a communicator, and suggest steps you could take to improve or fill a void.
Explain possible reasons why consolidations and mergers : Explain possible reasons why consolidations, mergers, and acquisitions occur for hospital and other healthcare organizations and the capital challenge for such ventures.
What money growth rate should the fed aim for to hit : If the Fed's inflation target is 2 percent, potential output growth is 3.5 percent, and velocity is a function of how much the interest rate differs from 5 percent: % ? V - 0.5 A (i - 5) Suppose that a model of the economy suggests
Discuss and explain the various categories of costs : Discuss and explain the various categories of costs needed in forecasting expenses to achieve a desired financial planning for effective decision making.

Reviews

Write a Review

Microeconomics Questions & Answers

  What will affect a typical firm that remains in the industry

Assume that the medical screening industry is perfectly competitive. Consider a typical firm that is making short-run losses. Suppose the medical screening industry runs an effective advertising campaign which convinces a large number of people th..

  Explain decline in the cost of a unit of capital

What will be the scale effect of this change on use of capital and labor and why? How would this be shown on an isoquant diagram? ( a diagram isnt needed here either.)What will be the net or total effect of this decline in the cost of capital on th..

  Elasticity of demand

Price elasticity of demand, Income elasticity of demand and Cross elasticity of demand of toyota corolla car.

  What is the role of management

A recent book was titled the end of management. Suppose the technology evolves in such a way that a high percentage of employees do not work in the company office. They telecommute or work offline. What then Is the role of management Is there one,..

  You need to justify/explain why your analysis is correct

This first assignment is to gather/provide information regarding the XYZ University’s marketing objective (to increase enrollment). You are to clearly define/describe the competitive advantage of the XYZ University and its target market. You need to ..

  Respond if the inflation rate would rise naturally

The inflation rate would rise naturally as it always has the trick is to keep the supply of product as closely inline with consume needs. This can be done in many ways. If you see prices of a certain product climb you should look at ways to slow t..

  Why initial change in planned aggregate expenditure results

Why does an initial $400 billion annual decrease in consumption spending make income fall by more than $400 billion per year. Explain why an initial change in planned aggregate expenditure results in a much larger change in equlibrium income.

  Calculate kalvin''s expected haul over the four event

Calculate Kalvin's expected haul over the four event crime spree and calculate the probability that Kalvin will never get caught over the four days.

  Identify differences and similarities of each budget

Identify the differences and similarities of each budget and what accounts for the major sources of revenue for each and how are the revenue amounts expected to change in the future?

  The relationship between the revenue and the quantity

To complete the analysis, Chuck wants to know more about the revenue that he can generate from his farm. The price of corn depends on how much Chuck produces.

  Computing optimal output of competitive firm

It is supposed that the liquid soap market is perfectly competitive and current price of a case of liquid soap is $42.00. The firm has estimated it's marginal cost function to be as follows: MC=0.006Q.

  Information about supply and demand changes

You know from data gathered on the widget market that market demand has recently increased and market supply has recently decreased. As manager of the facility, what decisions should you make regarding production levels and pricing for your widget..

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