The First Step in Developing Cost-Effective Interventions to Improve Quality

question 42

Multiple Choice

The first step in developing cost-effective interventions to improve quality of life is

• A)to allow patients to treat themselves in nontraditional ways.
• B)to discuss the ethical issues surrounding death and dying with patients.
• C)to inform patients about the costs involved in the treatment.
• D)to conduct initial assessment during the acute period.

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Definitions:

Total Product

Total product refers to the total quantity of output produced by a firm or economy during a given period.

Average Product

The total output produced per unit of a resource employed.

Marginal Product

The extra production resulting from the use of one additional unit of a specific input while holding other inputs steady.

Total Cost

The sum of all costs associated with the production or provision of a good or service, including fixed and variable costs.