Posted: March 26th, 2018

# Calculate the opportunity costs of increasing the number of coronary bypass operations from 1000 to 1250 in terms of the number of prenatal visits lost. (5%)

1. You are the CEO for a reginal hospital and have a stock of capital equipment and a fixed budget for labor set by the State’s legislature. Assume that this hospital produces only two services: coronary bypass operations and prenatal care for expectant mothers. The following table describe the production probabilities for the hospital in the current fiscal year.(21%)
 Coronary Bypass Prenatal Visits 0 25625 250 25000 500 23750 750 21750 1000 18750 1250 13750 1500 7500 1750 0

1. Calculate the opportunity costs of increasing the number of coronary bypass operations from 250 to 500 in terms of the number of prenatal visits lost. (5%)
2. Calculate the opportunity costs of increasing the number of coronary bypass operations from 1000 to 1250 in terms of the number of prenatal visits lost. (5%)
3. Does this PPF exhibit the law of increasing opportunity costs? (5%)
4. Suppose the hospital will receive some new surgical equipment that made it much easier to perform bypass operations (but has no impact on prenatal visits). What would this change in technology do to the PPF? (Select one figure from the study material file and describe). (6%)

### Expert paper writers are just a few clicks away

Place an order in 3 easy steps. Takes less than 5 mins.

## Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
\$0.00