# Health Economics  ECO 386 | Homework Helpers

Health Economics  ECO 386 1) {distribution of health expenditures} Ranking everyone by the amount spent on medical care, 30 percent ofthe total [all expenditures for all people) is accounted for by the top 1 percent of patients. Take the overall average per capita personal health expenditure and determine how much on average is spent on each of these high-cost patients. The top half ofthe population accounts for 90 percent of total spending. What is the average amount spent on the remaining people in the bottom half ofthe distribution? Is the median [i.e., amount spent on the person who is at the middle of distribution, with half of all people spending more, and half of all people spending less) higher or lower than the mean? 2) {manpower} Which has increased more rapidly since 1929, the number of physicians or the number of ancillary health workers? As medicine becomes more technologically advanced, which will grow faster, the number of more-skilled workers or the number of less-skilled workers? (hint: For the previous two questions use the tables in chapter 1 of Getzens book) 3) What determines the value of a knee brace? How can an economist maintain that I am better off if] paid \$7,000 for an operation that made my twisted knee worse rather than better? 4) lfthe price of office visits increases from \$20 to \$22, and the number ofvisits per family per year declines from 12 to 10, what is the arc price elasticity of demand? 5) In the year 2005, in Anytown, suppose that one person is willing to pay \$1,000 for relief from hay fever; another two are willing to pay \$350; about five more are willing to pay \$50; one is willing to pay \$40; one is willing to pay \$35; one each is willing to pay \$34, \$32, \$30, and \$28; about a dozen are willing to pay \$10; four are willing to pay \$5; and half of the rest of the town [another 75 people) are willing to pay \$1. a. Draw the demand curve for hay fever relief in Anytown. b. What is the potential total benefit from relief of hay fever if it is provided to everyone who asks? To everyone willing to pay \$35 or more? c. lfthe price of hay fever medication is \$20, what is the quantity demanded? What is the quantity demanded if the price is \$50? \$5?

Don't use plagiarized sources. Get Your Custom Essay on
Health Economics  ECO 386 | Homework Helpers
Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT!
Pages (550 words)
Approximate price: -

Why Choose Us

Top quality papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

We have hired a team of professional writers experienced in academic and business writing. Most of them are native speakers and PhD holders able to take care of any assignment you need help with.

Free revisions

If you feel that we missed something, send the order for a free revision. You will have 10 days to send the order for revision after you receive the final paper. You can either do it on your own after signing in to your personal account or by contacting our support.

On-time delivery

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & confidential

We use several checkers to make sure that all papers you receive are plagiarism-free. Our editors carefully go through all in-text citations. We also promise full confidentiality in all our services.

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

## Calculate the price of your order

Total price:
\$0.00

How it works?

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.