HEALTH 5333 (HEALTH5333)
University Of Houston - Clear Lake
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Chapter 1 & 2 MC questions with answers
- Exam (elaborations) • 10 pages • 2021
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1. Opportunity cost is a measure of
a. foregone opportunities.
b. value based on the alternative not chosen.
c. value in terms of the cost of production.
d. the difference between production cost and resource cost.
e. both a and b.
2. The opportunity cost of investing in a new lithotripter (a machine that pulverizes kidney stones with sound waves) is
a. defined by the dollar cost of the equipment.
b. the same for every health care provider.
c. measured by the difference between the ex...
Exam (elaborations)
Chapter 1 & 2 MC questions with answers
Last document update:
ago
1. Opportunity cost is a measure of a. foregone opportunities. b. value based on the alternative not chosen. c. value in terms of the cost of production. d. the difference between production cost and resource cost. e. both a and b. 2. The opportunity cost of investing in a new lithotripter (a machine that pulverizes kidney stones with sound waves) is a. defined by the dollar cost of the equipment. b. the same for every health care provider. c. measured by the difference between the ex...
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