Does this mean the consumer prefers hospital

Assignment Help Business Economics
Reference no: EM13860714

A patient has a choice of spending $ 33,000 on a procedure in Hospital XXX or $24,000 on the same procedure in Hospital YYY. She is observed checking into Hospital YYY. Does this mean the consumer prefers Hospital YYY? Explain your answer

Reference no: EM13860714

Questions Cloud

Write a matlab program for taking arbitrary number of inputs : Write a matlab program for taking arbitrary number of inputs and displaying the average & geometric mean.
The nations economic growth rate during the year : In 2016, a nation's population was 10 million. Its nominal GDP was $40 billion, and its price index was 100. In 2017, its population had increased to 12 million, its nominal GDP had risen to $57.6 billion, and its price index had increased to 120. Wh..
Percentage change in per capita real gdp : In 2016, a nation's population was 10 million, its real GDP was $1.21 billion, and its GDP deflator had a value of 121. By 2017, its population had increased to 12 million, its real GDP had risen to $1.5 billion, and its GDP deflator had a value of 1..
Write a java code to count number of capital letters in line : Write a java codenpseudo-code to count the number of capital letters in a line of text. How many comparisons does it do? What is the fewestnumber of increments it might do? What is the largest number?
Does this mean the consumer prefers hospital : A patient has a choice of spending $ 33,000 on a procedure in Hospital XXX or $24,000 on the same procedure in Hospital YYY. She is observed checking into Hospital YYY. Does this mean the consumer prefers Hospital YYY?
Short-run production-determine marginal revenue function : A firm has the following short-run production function (where L = Labor and Q = Output): Suppose that the output can be sold for $10 per unit. Further assume that the firm can obtain as much of the variable input (L) as it needs at $20 per unit. Dete..
What is the purpose of the terminology system : Please use the following medical system. Human Genome Nomenclature (HUGN), What is the purpose of the terminology system? How does the system relate to medical terminology
Comparison between information entered directly : How would scanning records contribute to the accuracy and completeness of the EHR?
Cross elasticity of demand of gasoline : Between 2011 and 2012, the quantity of cars produced and sold decreased by 20%. During the same period, the price of cars increased by 5% and the cost of gasoline increased by 20%. We know that the cross elasticity of demand of gasoline is -0.3. Comp..

Reviews

Write a Review

Business Economics Questions & Answers

  For every level of output which technology is cheapest

Suppose the firm is operating in a high-wage country, where capital cost is $100 per unit per day and labor cost is $80 per worker per day. For every level of output, which technology is cheapest.

  Spectrum represent the number of voters

The numbers on this spectrum represent the number of voters lying to the left of the number.

  Suppose the tax on liquor is increased

Suppose the tax on liquor is increased so that the tax goes from being a "medium" tax to being a "large" tax. As a result, it is likely that:

  Influences affecting foreign exchange rates

Describe absolute and comparative advantage. Explain the influences affecting foreign exchange rates.

  Qdevelop a regression equation using the data you collected

q.develop a regression equation using the data you collected from your research. use the regression equation to focus

  Do you think this pattern of trade is consistent

Do you think this pattern of trade is consistent with the principle of comparative advantage?

  Deals with asymmetry of information

Which of the following deals with asymmetry of information?

  Protect myself against foreign exchange risk-economic risk

If I were a multinational U.S. corporation who enters into a joint venture in Brazil (with a Brazilian company) to make and sell a product in Brazil---but the currency is dropping against the U.S. dollar, and the economy is in a recession, what does ..

  What is the security worth

How much would you be willing to pay for this security if he market interest rate is 6%? Suppose that you have just purchased the security, and suddenly the market interest rate falls to 5%. What is the security worth? Suppose that one year has elaps..

  The average corn price received by farmers

The average corn price received by farmers in 1950 was $1.52 and in 2014 it was $4.11. The Consumer Price. Index (CPI) with a base period of 1982 through 1984 were 24.1 and 236.7 for the same years, respectively. What are the corn prices for those ye..

  Question 1nbspa firm that emerges as the only seller in an

question 1nbspa firm that emerges as the only seller in an industry with economies of scale is

  Explain three reasons why a strategy of group leading

A leading organization, inspired by the Grameen bank, is attempting to provide loans to small farmers. it is leading to farmers in groups of two. Explain three reasons why a strategy of group leading may be better than a strategy of lending to indivi..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd