Everett Bought a Washer and Dryer for $1,200 from Neely

question 17

Essay

Everett bought a washer and dryer for $1,200 from Neely Appliances, which was to deliver the set in two days, on its regular delivery date for Everett's area. However, on the night of the sale, Neely's suffered an accidental fire and the washer and dryer were destroyed. Who has the risk of loss? Who would have the risk of loss if Everett had instead bought a used washer and dryer from his neighbor who was having a moving sale, and the washer and dryer were destroyed after Everett had paid for them and after the neighbor made them available to Everett but before he picked them up?

Understand the purpose and components of the Uniform Hospital Discharge Data Set (UHDDS).

Grasp the principles behind the Diagnosis-Related Group (DRG) system including its calculation and application in healthcare reimbursement.

Identify post-operative complications and differentiate them from co-morbidities.

Know what clinical information is collected in UHDDS and recognize non-included data.

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Definitions:

Marginal Cost Curves

A graphical representation showing how the cost of producing one additional unit of a good changes as production volume changes.

Law of Diminishing Returns

Law of Diminishing Returns states that in a production process, adding an additional factor of production, while holding all others constant, will at some point yield lower per-unit returns.

Sunk Costs

Costs that have already been incurred and cannot be recovered or refunded, and should not influence current or future decisions.

Variable Costs

Costs that change in proportion to the level of production or service activity.