Health Economics
14th Edition
ISBN: 9781137029966
Author: Jay Bhattacharya
Publisher: SPRINGER NATURE CUSTOMER SERVICE
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Question
Chapter 6, Problem 14AP
a)
To determine
The supply curve derivation for hospitals 1 and 2.
b)
To determine
The supply curve derivation for hospitals 1 and 2.
c)
To determine
Identify the patients rush in period 1 if there is a possibility of learning by doing.
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Suppose a hospital is planning about how many patients to treat over the next two years. One key
factor the hospital needs to consider in its planning is that hospitals that see many patients in one
year have lower costs of care in subsequent years. Let p be the price of hospital care, let 91 be
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II = (pic₁)91 + (p2 - c2)92
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Question options:
1)
Going back to 1940, only about 10 percent of the US population had any health insurance
2)
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