Improvements in quality of medical procedures often mean that cost per unit of output decreases, quality...
Improvements in quality of medical procedures often mean that cost per unit of output decreases, quality of life is improved; however, total costs to society increase. This seeming paradox:
1: is due to the law of diminishing marginal returns
2: is due to economies of scale
3: is the result of diseconomies of scale
4: is explained by the fact that more people will demand the treatment if it increases life expectancy of quality of life
Homework Answers
4: is explained by the fact that more people will demand the treatment if it increases life expectancy of quality of life.
This can be easily deduced from the question as even though the cost per item is decreasing, still total cost to society is increasing.
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Improvements in quality of medical procedures often mean that
cost per unit of output decreases, quality...
1. Improvements in qualiyt of medical procedures often mean that cost per unit of output decreases,...
1. Improvements in qualiyt of medical procedures often mean that cost per unit of output decreases, quality of life is impooved; however, totat costs to society increase. This seeming paradox: A. is due to the law of diminishign marginal returns B. is due to economies of scale C. is the result of diseconomies of scale D. is explained by the fact that more poeple will demand the treatment if it increses life expectancy or quality of life.
Marginal cost is defined as: the change in total costs from producing one more unit of output. the change in fixed c...
Marginal cost is defined as: the change in total costs from producing one more unit of output. the change in fixed cost from producing one more unit of output. total cost divided by total output. total variable cost divided by total output. The marginal cost curve often decreases at first and then starts to increase. This is explained by: the law of diminishing returns. economies of scale. increasing ATC. From the information given in the following table, calculate the marginal...
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What methodology they used , what is the purpose of this paper and
some conclusions and contributes of this paper. I need this for my
Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS
PLEASE !!!)
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Marginal cost is defined as: the change in total costs from producing one more unit of output. the change in fixed cost from producing one more unit of output. total cost divided by total output. total variable cost divided by total output. The marginal cost curve often decreases at first and then starts to increase. This is explained by: the law of diminishing returns. economies of scale. increasing ATC. From the information given in the following table, calculate the marginal...
CASES FOR ANALYSIS the treat- 1. Clozapine (Clozaril) is a drug manufactured by Sandoz for t ent of severe chronic schizophrenics who are unresponsive to regular treatments. One study indicates that after a year of treatment 68 percent o the treatment-resistant patients were improved. In another study, 55 percent of those improved were able to work or go to school, and readmissions to the mental hospital were reduced by 88 percent (Meltze et al., 1990, p. 892). A third study...
I need Summary of this Paper i dont need long summary i need
What methodology they used , what is the purpose of this paper and
some conclusions and contributes of this paper. I need this for my
Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS
PLEASE !!!)
Budgetary Policy and Economic Growth Errol D'Souza The share of capital expenditures in government expenditures has been slipping and the tax reforms have not yet improved the income...
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