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Suppose a Case Management Program Is Established to Reduce Rehospitalization

question 2

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Suppose a case management program is established to reduce rehospitalization rates in a hospital and that those rates drop dramatically once the new program is established. We can conclude that:​


Definitions:

Opportunity Cost

The cost of foregone alternatives when a choice is made, represented by the benefits that could have been received by choosing the next best alternative.

Soybeans

Refers to a type of legume native to East Asia, widely grown for its edible bean which has numerous uses.

Comparative Advantage

The ability of a country or individual to produce a particular good or service at a lower opportunity cost than others.

Absolute Advantage

The capability of a country, individual, company, or region to produce a good or provide a service more efficiently than its competitors when using the same amount of resources.

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