Kim works as a physiotherapist. She currently earns a salary of $6479 per month. The only costs associated with working as a physiotherapist are fixed costs (e.g. maintaining her licence to practice physiotherapy) of $289 per year. Due to changes in the health care sector, Kim is deciding whether she should become a general practitioner instead. She estimates her salary as a general practitioner will be $8563 per month. What is Kim's monthly economic loss from working as a physiotherapist? Assume the same fixed costs apply to both the physiotherapist and general practitioner options, because the licences for physiotherapists and general practitioners cost the same amount of money. Answer as a positive number to the nearest whole value (with no decimal places, $ or - signs, spaces or commas).

One of the most important things an HMO should do to stay profitable is to make sure a) the medical costs’ rate of growth is below the rate of growth of premiums (revenues), and b) customer satisfaction does not slip.  True  False

How would you explain the concept of a QALY? When is it appropriate to use QALYs instead of simply improved life expectancy as the outcome measure in an economic evaluation?

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?

Medical bills may be paid by any of the following methods except           shifting consumption from one period to another.     reducing your welfare loss.     charity.     family or friends.     third party insurance companies.

Tully is a graduating high school senior deciding between three alternative combinations of education-work options. He could start working immediately and earn $30,000 working in a burrito truck in period one. His salary would increase to $60,000 in period 2 as he would become chef, and then fall in period 3 to $50,000 as he would become too physically tired to work too much in the kitchen. His first alternative is to spend $15,000 to attend Da-Lousy University for economics and earn an undergrad degree in period 1. Upon obtaining his degree he would earn $80,000 as an economist for periods 2 and 3. The final option is for Tully to complete a doctorate degree in economics after finishing his undergrad degree. There would be no direct costs as he would get scholarships, but he could not work in period 2 while he completed his PhD. After finishing his PhD he would earn $200,000 as an Econ Prof at Kings University in period 3. His discount rate is 15 percent per period. What should Tully…

In order to increase economic activity, a city proposes to allow diesel-powered delivery vehicles to operate in residential neighborhoods. Diesel exhaust contains soot which is a major cause of asthma and other respiratory ailments leading to a decrease in the quality of life in these communties. A neighborhood group opposed to this proposal hires you to conduct a valuation study to show the decrease in the quality of life. a) What specific valuation method should you use? b) How would you use that method? c) What are some problems that might result from your use of that method?

Chelsea Menken, of Providence, Rhode Island, recently graduated with a degree in food science and now works for a major consumer foods company earning $70,000 per year with about $54,000 in take-home pay. She rents an apartment for $1,200 per month. While in school, she accumulated about $38,000 in student loan debt on which she pays $385 per month. During her last fall semester in school, she had an internship in a city about 100 miles from her campus. She used her credit card for her extra expenses and has a current debt on the account of $7,000. She has been making the minimum payments on the account of about $240 a month. She has assets of $14,000. D a. Calculate Chelsea's debt payments-to-disposable income ratio. Round your answer to two decimal places. b. Calculate Chelsea's debt-to-income ratio. Round your answer to two decimal places. c. Comment on Chelsea's debt situation and her use of student loans and credit cards while in college.

Hi! Can you help me with the question below?  Todd has a job that presents zero risk of death or injury, but has always craved something more exciting. His current annual salary is $50,000. He has been offered a job on an Alaskan fishing boat that will pay$55,000 annually. This new job offer, however, comes with a 10% risk of severe injury that will cause Todd to have no income. Which of the following is true? (Assume the severe injury has no relevant implications besides reducing Todd’s income) A) Todd will definitely take the new job if he’s risk averse.B) Todd will definitely take the new job if he’s risk neutral.C) Todd will definitely decline the new job if he’s risk averse or risk neutral.D) Todd will definitely accept the new job if he’s risk seeking.E) Not enough information to determine.

In 2011, Kevin Jones, Texas Tigers quarterback, agreed to an eight-year, $50 million contract that at the time made him the highest-paid player in professional football history. The contract included a signing bonus of $11 million and called for annual salaries of $2.5 million in 2011, $1.75 million in 2012, $4.15 million in 2013, $4.90 million in 2014, $5.25 million in 2015, $6.2 million in 2016, $6.75 million in 2017, and $7.5 million in 2018. The $11 million signing bonus was prorated over the course of the contract so that an additional $1.375 million was paid each year over the eight-year contract period. With the salary paid at the beginning of each season, what is the worth of his contract at an interest rate of 6%?