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A Client Says, "I Don't Understand Why So Much Money

question 14

Multiple Choice

A client says, "I don't understand why so much money is spent on trying to find a cure for cancer. I have epilepsy and wish more money went into epilepsy drugs." What should the nurse consider prior to responding? Note: Credit will be given only if all correct choices and no incorrect choices are selected. Select all that apply.


Definitions:

Total Benefits

Total benefits refer to the complete range of economic, social, and personal advantages gained from an action or an investment.

Consumer Surplus

The difference between the highest price a consumer is willing to pay and the actual price they pay in the market.

Market Demand

The total amount of a product or service that consumers in a market are willing and able to purchase at a given price level in a given time period.

Consumer Surplus

The difference between the maximum price consumers are willing to pay for a good or service and the price they actually pay.

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