The northern community of AssiniboineNarrows has a population of 12,000. It hasone medical clinic with three doctors, eachworking 40 hours per week. Each doctorsees four patients per hour. The clinicwould like to hire one or two more doctors.The mortality rate in the community is 11per 1,000 population. This rate will fall to9.5 per thousand if one doctor is added andto 9 per thousand if two doctors are added.Each new doctor will cost the system$250,000 per year.An alternative plan is to bring in two homecare nurses. Each home care nurse willsee two patients per hour. The addition ofthe first nurse will reduce the mortality rateby 0.8 per thousand, and the addition of asecond nurse will reduce the mortality rateby 0.6 per thousand. Each home care nursewill cost the system $100,000 per year.Use calculations to examine the alternativesavailable to Assiniboine Narrows. Then,based on your calculations, make arecommendation as to the preferred courseof action. Ensure that you calculate theoutput and outcome of each additionalhealth professional.

Mortality rate, or death rate, is a degree of the range of deaths (in general, or because of a…

Use calculations to examine the alternatives available to Assiniboine Narrows. Then, based on your calculations, make a recommendation as to the preferred course of action. Ensure that you calculate the output and outcome of each additional health professional

Use calculations to examine the alternatives available to Assiniboine Narrows. Then, based on your calculations, make a recommendation as to the preferred course of action. Ensure that you calculate the output and outcome of each additional health professional

EBK HEALTH ECONOMICS AND POLICY

7th Edition

ISBN:9781337668279

Author:Henderson

Publisher:Henderson

Chapter12A: Appendix 12a Changing Demographics: The Aging Of America

Section: Chapter Questions

Problem 4QAP

See similar textbooks

Related questions

Q: the phrase "a sustained increase in the average level of prices for goods and services in an economy…

A: Deflation implies the decrease in general price level in an economy over a period of time…

Q: Q1 -Calculate the present worth the data as shown below - P=? - F=1234 - 1=10% - Y=5

A: Present value=Future value1(1+I)nWhere, I=Interest rateand n=Time

Q: 4. If two countries produce very similar goods, but with different costs of production in each…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Which of the following is NOT a characteristic of business to business markets? O a. Compared to…

A: Business is an organization or group of firms or people where they work together to produce goods or…

Q: To calculate the price elasticity of supply using the midpoint method, you would use the following…

A: In a market, price elasticity of supply is an economic tool to analyze the change in the quantity…

Q: Argentina and Brazil are considering the potential gains of trade. There is only one factor of…

A: The voluntary exchange of commodities or services between economic players is referred to as trade.…

Q: The most important issue in the 1896 presidential campaign was the tariff foreign policy…

A: The answer is - the tariff

Q: What is the B/C Ratio for a firm considering an investment in a new manufacturing technology?…

A: The measure that depicts the relative benefits and costs of a project that is proposed in monetary…

Q: If 45 units are sold at a price of $15 and 75 units are sold at a price of $10, what is the absolute…

A: Price elasticity of demand refers to the proportion extrade in the amount of demand that…

Q: The soft drink industry is dominated by TCCC and PSC. The market is worth $6 billion. Each firm…

A: Answer -

Q: Q2. Determine the returns to scale of the following production function: Y = 5K0.5 +3L0.5 (a)…

A: Returns to scale refers to how production of a good changes when units of both inputs change.

Q: For what types of goods cargo ships and barges are used?

A: Cargo ships and barges are considered as one of the modes of transport to transfer goods and…

Q: 6. Everything else held constant, a decrease in wealth A) increases the demand for stocks B)…

A: Wealth is the individual's net worth. It is the accumulation of money, assets held by an individual…

Q: iscuss key circular economy solutions and their impact on the water industry a power point…

A: One of the most pressing issues of our day is the present water problem. Water scarcity is…

Q: What is the profit maximization condition the monopoly uses to choose optimal quantity? Again assume…

A: A monopolist always tries to maximize the profit. Profit = Total Revenue - Total Costs. A monopolist…

Q: Why was there such a concern in the second half of the 20th century with reducing military weaponry,…

A: Nuclear weapons are lances of mass annihilation; in contrast to conventional fighting, nuclear…

Q: The law of increasing opportunity cost arises because of the lack of labour mobility?

A: Opportunity cost refers to the cost of trade offs between goods. If the consumer decides to consume…

Q: Is a monopoly always bad for society? Question 6 options: None of the other answers is correct…

A: A monopoly is found in the situation where firm in the market dealing in goods and services for the…

Q: Michael has the utility function u(x, y) = √√x + √√y. Michael's preferences are strongly increasing…

A: (a) MRS = MUxMUy = 12x12y= yx equating MRS to price ratio: ( tangency condition) yx = pxpy y =…

Q: The following is a linear trend fitted to a series expressed in thousands of dollars. T = 381.99…

A: Linear Trend equation refers to the equation that shows the relationship between two variables. The…

Q: If there is no pure strategy Nash equilibrium in a complete information game, there is a mixed…

A: In game theory, there are different forms to understand the behaviour of players and the final…

Q: Define the trade balance for an open economy and explain the relationship between the trade balance…

A: The real exchange rate (RER) among currencies is the product of the nominal change rate (the dollar…

Q: [241] If A=3 6 2 and B= 1 2 then to compute C21 15 7 1 16 71 where C=AB, you must compute the inner…

Q: By making use of graphs explain the difference between perfect competition and monopoly market.…

A: The monopoly and perfect competition are two extremely opposite kinds of market structure.

Q: 2. (a) Using your knowledge of the circular flow of income and interpreting the data given above,…

A: The circular flow of income shows the major exchanges of the flow of income, goods, and services,…

Q: 6. The amount by which federal tax revenues exceed federal government expenditures during a…

A: Merely in easy words we can say that the government expenditure or what we call government spending…

Q: Price 25 20 15 10 5 0 0 20 Figure 40 60 Quantity Demand Supply Supply 2 80 100 nly ? will result in…

A: Equilibrium occurs at the intersection point of the demand and supply curve.

Q: Why is it that not all the economic system in the world are same?

A: When talking about economic systems, it can be said that not all the countries have same economic…

Q: Assume demand for a particular product is given by p= 120 - q and firms produce with costs c(q) =…

A: A monopoly is a single firm in the market producing unique good

Q: a perfectly competitive market over the long run, a. an increase in market demand or a decrease in…

A: Perfect competition market Perfect competition is a form of market where there is a large number of…

Q: B). Draw the supply curve with the slope of your choice (individual or market demand). Choose a…

A: Meaning of Demand and Supply: The term demand refers to the willingness of an individual to…

Q: The PSB is well established accountancy and consultancy firm that has been providing services…

A: Since you have posted a question with multiple subs–parts, we will solve the first three sub-parts…

Q: Assume that the South Australian government stops collecting stamp duty on home purchases from…

A: Regardless of the arrangement, it is usually paid by the buyer and burden is on buyer. The stamp…

Q: What is the dead-weight loss? Question 7 options: None of the other answers is correct The…

A: A dead weight loss can be defined as the cost to society created by market inefficiency, which…

Q: The bank is paying 7.11% compounded annually. The inflation is expected to be 3.59% per year. What…

A: Here, bank rate is given as 7.11% that is compounded annually and people are expecting an inflation…

Q: Economics A strong economic expansion, such as economic growth in the U.S. during the early 1940s…

A: In an economy, the consequence of changes in economic growth can be seen on unemployment rate,…

Q: 16 You purchased a molding machine at a cost of $88,000. It has an estimated useful life of 12 years…

A: Annual depreciation is the usual every year price at which depreciation is charged to a hard and…

Q: Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days…

A: Finance charge is referred to as the cost for borrowing money, which includes interest along with…

Q: Suppose there is an increase in the demand of the imported commodity subject to a given import…

A: Here, it is given that the economy has import quota and the demand for the imported commodity has…

Q: Kindly give the clear,complete and detailed solution thank you)P45,000 is deposited in a savings…

A: Compounding interest semiannually means that at the start of the compounding period, which in this…

Q: When notebooks and pencils are considered complements, then economists would argue that when the…

A: When two goods are complementary goods, they are consumed together by the people.

Q: Questions 1.4 and 1.5 refer to a consumer with preferences over food (x) and clothing (y)…

A: The consumer price index (CPI) is a broad measure of price changes across a basket of products and…

Q: A. If George is willing to pay P100 for a product and John is willing to pay P80 for the same, the…

A: Consumer surplus occurs when the consumer's willingness to pay is greater than the market price.…

Q: What is the role of monopoly in America’s prescription drug crisis?

A: When talking about Monopoly firm, it is the firm that generates unique product, which is not sold by…

Q: A). List the Ten Principles of Economics (just the titles). Group them in three categories: (i). How…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Questions 1.4 and 1.5 refer to a consumer with preferences over food (x) and clothing (y)…

A: The consumer price index (CPI) is a broad indicator for evaluating price changes in a basket of…

Q: If iPad is considered a normal good, when income in Camarillo goes up, the effect on iPad in…

A: In a market, if a good is a normal good, it will have an inverse relationship with the price, and a…

Q: P45,000 is deposited in a savings account that pays 5% interest compounded semi-annually. Equal…

A: Interest is compounded twice a year when it is compounded semiannually. The semiannual rate is…

Q: Figure 2 shows the payments and revenues of a small project. If M.R.R.R=%12, Evaluate the project…

Q: The function f(x) = 900 represents the rate of flow of money in dollars per year. Assume a 20-year…

A: *Answer:

Question

The northern community of Assiniboine
Narrows has a population of 12,000. It has
one medical clinic with three doctors, each
working 40 hours per week. Each doctor
sees four patients per hour. The clinic
would like to hire one or two more doctors.
The mortality rate in the community is 11
per 1,000 population. This rate will fall to
9.5 per thousand if one doctor is added and
to 9 per thousand if two doctors are added.
Each new doctor will cost the system
$250,000 per year.
An alternative plan is to bring in two home
care nurses. Each home care nurse will
see two patients per hour. The addition of
the first nurse will reduce the mortality rate
by 0.8 per thousand, and the addition of a
second nurse will reduce the mortality rate
by 0.6 per thousand. Each home care nurse
will cost the system $100,000 per year.
Use calculations to examine the alternatives
available to Assiniboine Narrows. Then,
based on your calculations, make a
recommendation as to the preferred course
of action. Ensure that you calculate the
output and outcome of each additional
health professional.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

LIVING IN SPAINJackie moved to Spain to work for a public relations firm. She had health insurance from herprevious employer, but she was surprised to learn that her new employer in Spain did notoffer healthcare coverage. When she asked about this, she was told that more than 90percent of Spaniards use the public healthcare system, which was mostly free. However,her new employer did provide supplementary private health insurance that would allow herto receive quicker care from a private hospital if she desired.Jackie learned that she would be paying 4.7 percent of her salary and her employerwould pay 23.6 percent of her salary to the government for health insurance. She was given a Tarjeta Sanitaria Individual health card to prove that she had health insurance. With this,she could get free care at public hospitals and doctors’ offices. However, before seeing adoctor, she would need to register with a local primary care physician and decide whethershe would use public or private…
About what percentege of helth care spending in the U.S. in 2017 was finenced by private health insurance? 40 Multiple Choice 25 percent 34 percent 41 percent 75 percent
DO NOT SOVE WITH EXCEL
The primary purpose of he Coordinalion of Benefits provision found in most group Major Medical policies is to perform which of the following funclions? A.Providing coverage for insureds who are leaving heir employment B.Preventing a claimant from profiting from an injury or sickness C.Allowing an insured to receive bolh Disability Income benefits and Medical Expense benefits if entilled o both D.Permitting an insurance company to pay benefits direclly to providers of medical services
For 11-18: GIVEN TREATMEN T CHOICES Treatment COST LIFE Treatment D $15,000 31 Treatment $17,000 29 W no treatment EXPECTANCY Treatment B $7,000 18 Treatment C $11,000 26 Treatment Y $9,000 19 Treatment X $13,000 23 Treatment A $3,000 10 Treatment Z $5,000 16 $0 2 11. Which of the following is true? A) X OD C B) W is OD by C C) COD W D) W is OD by D B) X only C) X and W D) W only years years years years years years years years years E) all the choices are true 12. Identify all the obviously dominated treatments A) A and Z 13. Name all the obviously DOMINATING treatments. (only the treatments that obviously dominate other treatment(s) A) Y and B B) X and W C) C only D) C and D E) A,Z,B,Y,Z,D: all these treatments that are not obviously dominated, obviously dominate some treatment
What percentage of its GDP does the United States spend on health care?a. 5 percentb. 13 percentc. 16 percentd. 22 percente. 25 percent
What are the dimensions of mortality
If surgeons really have the ability to increase thedemand for surgeries, which kinds of surgerieswill be most affected? Can you think of a way todetermine which surgeries are unnecessary? Provide several examples from your own readings orexperience.
What is the significance when it comes to cream skimming to show it's efficient function of a medical market?
Once HMOs were initiated, Amy and Becky decided to switch to HMOs. The Medicare program will pay the HMO 90% of the "average costs of those who remain the Medicare" for every individual who leaves and enrolls in the HMOs. Below presents the costs to the government. Patient Traditional Medicare Medicare Plus HMOs Amy 1000 1000 Becky 2000 2000 Carols 3000 3000 Donny 4000 4000 1. Calculate the average cost per individual who remains in Medicare. $ 2. How much does the government need to pay to the HMOs for Amy and Becky? $ 3. The total cost to the government with HMO is 4. The total cost to the government BEFORE HMO is $
For Pancreas Transplant, DRG code is 010. For DRG 010, Medicare pays fixed amountof $21,313.50. Outlier threshold for Medicare is $25,800.(a) John admitted hospital A for pancreas transplant. The charges for John'streatment was 128,000. Cost to charge ratio for Hospital A was 0.10. How muchpayment hospital A would get from Medicare?(b) Bryan admitted hospital B for pancreas transplant. The charges for Bryan'streatment was same as John, $128,000, but cost to charge ratio for Hospital Bwas 0.25. How much payment hospital B would get from Medicare?
What impact does the allocation of resources within a local health district have on the overall economic efficiency and equity within the community? If AI generated, will downvote and report your answer.