Opportunity costs in healthcare

  1. Read article on Opportunity costs in healthcare and give an example of opportunity costs in your related
    healthcare field. Please explain
    What are opportunity costs of health care_ _ Viewpoints _ qconline.com.pdf download
  2. Explain the circular flow model as it pertains to your healthcare field
  3. Consider the following events: Scientists reveal that consumption of oranges decreases the risk of diabetes
    and, at the same time, farmers use a new fertilizer that makes orange trees more productive. Explain what
    effect these changes have on the equilibrium price and quantity of oranges (supply demand)
  4. If demand for toothbrushes is elastic, how will an increase in price change total revenue for your toothbrush
    business
  5. If you were hired as a consultant to increase Revenue for a Medical supply store, what would you do ?
    (Choose one answer below and explain why)
    Decrease costs across the board
    Find out the elasticities of the products and increase the price on the inelastic items
    Find out the elasticities of the products and increase the price on the elastic items
    Increase the price on all items

Sample Solution

ACED ESSAYS