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:

Marginal Cost

The cost of producing an additional unit of a good or service.

Average Total Cost

Represents the per-unit total cost of production, calculated by dividing the total cost by the total quantity produced.

Falling

The process or action of moving downwards, typically used in economics to describe a decrease in prices or values.

Short Run

In economics, the short run refers to a period during which at least one of a firm's inputs cannot be changed, limiting its capacity to adjust to demand changes.