31 Jan Meaning: Efforts targeting
ECON312 Principles of Economics
Week 3 Discussion
Concepts of Cost and Prices Under Different Market Structures
Required Resources
Read/review the following resources for this activity:
Textbook: Chapter 10, 11
Lesson
Minimum of 1 scholarly source (other than the article noted in the instructions)
Initial Post Instructions
For the initial post, address the following:
List and briefly explain the features of a Perfectly Competitive market structure. How do firms in a Perfectly Competitive market determine price and profit-maximizing output levels?
According to Papanicolas, Woskie, and Jha (2018), the main drivers of the cost of healthcare in the U.S are “labor and goods, including pharmaceuticals and devices, and administrative costs” (Conclusions and Relevance). If you were the Chief Financial Officer (CFO) of a large medical facility, what cost-cutting measures would you propose to address the excessive cost of operating the facility while maintaining quality of care?
Journal of American Medical Association (JAMA): Special Communication: Question: Why is health care spending in the United States so much greater than in other high-income countries?
Findings: In 2016, the United States spent nearly twice as much as 10 high-income countries on medical care and performed less well on many population health outcomes. Contrary to some explanations for high spending, social spending and health care utilization in the United States did not differ substantially from other high-income nations. Prices of labor and goods, including pharmaceuticals and devices, and administrative costs appeared to be the main drivers of the differences in spending.
Meaning: Efforts targeting utilization alone are unlikely to reduce the growth in health care spending in the United States; a more concerted effort to reduce prices and administrative costs is likely needed.
Follow-Up Post Instructions
Respond to at least two peers or one peer and the instructor. Further the dialogue by providing more information and clarification. Refer to the rubric for the criteria required for a response to be considered substantive.
Writing Requirements
Minimum of 3 posts
APA format for in-text citations and list of references
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteEdu. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
Do you need help with this question?
Get assignment help from WriteEdu.com Paper Writing Website and forget about your problems.
WriteEdu provides custom & cheap essay writing 100% original, plagiarism free essays, assignments & dissertations.
With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Chat with us today! We are always waiting to answer all your questions.