Question

Medical care is so special that normal economic forces do not apply and normal economic tools are not always used, explain the above statement.

Answer 1

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Answer 2

Medical care is so special that normal economic forces do not apply and normal economic tools are not always used. In view of what you studied, explain the above statement.

Answer 3

Medical care is so special that normal economic forces do not apply and normal economic tools are not always used. In view of what you studied, explain the above statement.

Answer 4

Suppose hospital (A) has 500patients/day and average cost of operation is $1500/day. Hospital (B) has 300 patients/day and average cost of $600/day. Hospital (C) has 100 patients/day and average cost of $600/day. What can you say about the most efficient size of hospital

Answer 5

Critically discussion the statement, “Medial care is so special that normal economic forces do not apply.”