Who has a greater opportunity cost of enjoying leisure-a janitor or a brain surgeon? Explain. Can this help explain why doctors work such long hours?
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- who has a greater opportunity cost of enjoying leisure- a janitor or a brain surgeon? Explain. can this help explain why doctors work such long hours.Who has a greater opportunity cost of enjoying leisure- a janitor or brain surgeon? Explain. Can this help explain why doctors works such long hours?What would be a fixed or variable expense for a hospital?
- Healthcare costs as a share of GDP has been on the rise for the last several decades. What are three different explanations for these increasing costs? Which factor accounts for most of the increase?Identify how different people and demographics have been affected by telehealth? Has the impact been proportional?Why have economic analyses of clinical and administrative innovations become more important?
- As medical terminology continues to develop, will the marginal product activity of each additional dollar spent on it increase or decrease? What about the average productivity per dollar spent on medical care?What are the advantages and disadvantages of workspecialization?Illustrate the trade-off between administrators and medical staff. Explain the economic principles involved in obtaining an optimal situation. How would this situation be affected by an increase in the pay of doctors and nurses?
- Recall that the goal of the Affordable Care Act (also known as Obamacare) legislation was get more people access to affordable health insurance. It was widely reported that health insurance premiums under Obamacare were getting much more expensive. What was the main factor causing the premiums to get more expensive? Many of the new enrollees were young teenagers unable afford their own insurance, so other people are paying for them The plan required a lot of paperwork and administrative tasks, and insurance companies had to hire a lot of people to get these tasks done The new enrollees were older and sicker than expected, increasing health care usage and expenses, causing costs and insurance premiums to rise Obamacare created new medical technologies which were expensive to useWhat would happen to the demand curve for the labor of a clinic if the clinic purchases equipment that increases worker productivity? How does the introduction of health insurance benefits impact the supply curve for labor?Read the following article and then answer the questions that follow: Without question, the most important positive action you can take to prevent illness and disease is exercise. Exercise prevents a long list of diseases that can cause chronic or severe illness, disability, and even death, including cancer, heart disease, stroke, high blood pressure, vascular disease, diabetes, obesity, and osteoporosis. Exercise also prevents mental health illness and disease disorders, including depression, anxiety, and stress. While some of these disease processes can be reversed with exercise and healthy life-style, some cannot. Preventing them from starting is the number one goal. The most negative lifestyle behaviour is smoking. Smoking contributes to the development of almost all diseases, notably cancer, heart disease, high blood pressure, high cholesterol, diabetes, and asthma. Smoking has the following negative health effects: lowers immunity, making you more likely to get bronchitis,…