Cost and Economic Evaluation Assignment
Volume of 2 pages (550 words)
Assignment type : Coursework
1) Consider plastic surgery- you want to create relevant services. Specify a short run production function: what inputs would you include in the production function, and which would be fixed inputs and variable inputs? (First define what services you would be creating to address plastic surgery). CHP 7
2) Explain the law of diminishing marginal productivity, in the context of short run production of phlebotomy equipment. Explain the U shaped nature of the long run average cost curve in the context of long run production of phlebotomy equipment. CHP 7
3) Use surgery in a hospital setting to explain to illustrate the elasticity of substitution of services and economies of scope, and provide definitions for each term, in your own words. What factors affect elasticity of substitution? What factors affect economies of scope? CHP 7
4) How does a) marginal and average productivity curves differ? b) marginal and average cost curves differ? c) explicit and implicit costs differ? CHP 7
5) Consider heart attack first of line care (aspirin/blood thinners). How would you set up economic evaluation analyses – what would be the measures of costs and benefits and the alternative treatment comparison, and sources of data (Hint: I want to see all types of economic evaluation). How would economic evaluation contribute to efficiency? CHP 3
6) What is the difference between different types of economic evaluation? When would you use each type? CHP 3
7) What is the difference between willingness to pay and the human capital approach of cost benefit analysis? CHP 3
8) How does the discount factor affect the resulting findings, costs, and benefits? When would a high and low discount rate be chosen, respectively? Give examples to explain the context. CHP 3
Sample Feedback from students
Thank you for the service. You provide High quality articles and research papers. I give you 5 star rating.
I’m impressed, I must say. Seldom do I come across a blog that’s both equally educative and engaging, and let me tell you, you’ve hit the nail on the head. The problem is an issue that not enough men and women are speaking intelligently about. I’m very happy I found this during my hunt for something.
The is the best writer I have ever had All details were followed accurately, and the completed work delivered way before deadline. The quality is very good. I will place another order with you soon. Warm regards.
AMAZING WORK! This writer did not do any plagiarism and did what I asked exactly for the APA format! I will definitely use this writer again for another paper! Thank you so much for you service ! AMAZING Job!
This is an excellent writer She gave me the assignment many hours before the deadline. It would take only a couple minute for her to respond to my questions and concerns. I had a great experience.
Excellent work. this is my fourth order and its an excellent paper. All the requirements and instructions I provide were well addressed. Excellent Writer. Topic: The Effects of Herbs and Spices on Blood Pressure – A Systematic Review
I checked the completed copy for "Dismantled, ornament based culture in 20th Century Vienna" . Its amazing Very well written! I am always pleased With the services you Offer.
Wow this writer did it perfect again Has written multiple papers for me and I have gotten all straight A’s! When you choose this writer you choose best quality work!
Good work but could have been more attention to detail. I did a quick edit afterwards and found some minor punctuation errors. Other than that it was all fine.