Table 93 Julie Plans to Start a Pet-Sitting Service

question 195

Multiple Choice

Table 9.3 Julie plans to start a pet-sitting service.She surveyed her neighbourhood to determine the demand for this service.Assume that each person surveyed demands only one hour of pet sitting services per period.Table 9.3 above shows a portion of her survey results.
-Refer to Table 9.3.Suppose Julie's marginal cost of providing this service is constant at $7 and she charges $7.What is the value of the consumer surplus enjoyed by her customers?

• A)$39
• B)$28
• C)$11
• D)$0

Differentiate between global health, public health, international health, and transcultural health.

Identify instances of cultural imposition and strategies to avoid it.

Understand the concept of acculturation and its relevance in health care.

Recognize and avoid cultural bias and imposition in patient care.

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Definitions:

Negative Externality

A cost that affects a party who did not choose to incur that cost, often associated with production or consumption of goods and services.

Property Value

The market worth of real estate, influenced by factors such as location, amenities, and the condition of the property.

External Cost

A cost that is not borne by the parties to an economic transaction, often affecting third parties who did not choose to incur that cost.

Social Cost

The total cost to society as a whole due to an activity or decision, including both direct costs and indirect externalities.