What are the basic steps for the application of your concept

Assignment Help Microeconomics
Reference no: EM131725610

Assignment

Identify and briefly define 1 of the following concepts:

• Opportunity cost
• Sunk cost
• Cost-benefit analysis

Based upon the concept that you have selected, respond to each of the following questions:

• What are the basic steps for the application of your chosen concept in resource allocation?

• Provide an example of how this concept can be applied in a specific health care resource allocation.

• How will the application of this concept impact the structure of the health care institution when allocating resources?

Ensure that you integrate economic terms, frameworks, and models throughout the review.

Be sure to follow APA style page formatting, and provide at least 4 peer reviewed references from health care journals published in the past 5 years.

Reference no: EM131725610

Questions Cloud

What factors contributed to violence in the workplace : Write a 2-3+ page paper and explore what factors contributed to violence in the workplace within the past three years. Define workplace violence.
Prepare a common-size balance sheet for intel : Intel Case The 2007 Intel Annual Report can be found at the following Web site: www .prenhall.com/fraser. Using the annual report, answer the following question
Introducing a new line of yoga wear : Lululemon Athletica is considering introducing a new line of yoga wear that is expected to increase the company's sales by $10 million in the first year
Provide a framework to encourage your engagement : MKG102 - Consumer Behaviour Assessment - Forum Participation. The aim of the forum participation assessment is to provide framework to encourage your engagement
What are the basic steps for the application of your concept : Identify and briefly define 1 of the following concepts. What are the basic steps for the application of your chosen concept in resource allocation?
Describe the impact of workplace bullying on organization : Develop a two to three-page APA formatted. Provide a review of the article. Describe the impact of workplace bullying on both the victims and the organization.
Common stock and retained earnings : A firm has the following book-value balance sheet; Debt =$ 14 ,000, Common Stock ($1 par)= 11 and Retained Earnings = $ 23 ,000. The book value of assets
Explain the concepts of management information systems : Describe the kinds of questions McGraw-Hill might have asked as part of determining the feasibility of the Primis idea.
Problem regarding the after-tax cash flow : If the firm's tax rate is 34%, calculate both its after-tax cash flow and its value given a risk adjusted discount rate of 12%

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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