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1. What is the concept of opportunity cost in health care
economics?
a) The value of the next best alternative that is forgone as a
result of making a decision
b) The difference between the total revenue and the total
cost of providing a service
c) The amount of money that is saved by choosing the
cheapest option among alternatives
d) The additional benefit or cost that arises from producing
or consuming one more unit of a good or service
Answer: A. Opportunity cost is the value of the next best
alternative that is forgone as a result of making a decision.
It reflects the trade-offs that are involved in any decisionmaking process.
2. What is the principle of marginal analysis in health care
economics?
a) The principle that states that decisions should be made
by comparing the marginal benefits and marginal costs of
an action
b) The principle that states that decisions should be made
by maximizing the total benefits and minimizing the total
costs of an action
c) The principle that states that decisions should be made
by considering the average benefits and average costs of an
action
d) The principle that states that decisions should be mad
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