1. - Discuss in what ways economics will benefit you in your role as a healthcare manager. What frameworks will it provide you to understand? Explain at least four different concepts giving examples that will be a benefit to you as a manager and why?
2. A new treatment for cystic fibrosis costs $2 million. The life expectancy of 1,000 patients who were randomly assigned to the new treatment increased by 3.2 years. What is the cost per life year of the new treatment?
3. Some consumers are over insured, yet some are underinsured. Millions are clearly uninsured. What do you think these concepts mean?
4. Describe the three decision making components when making uncertain decision outcome confront you as a manager?
5. A patient visits a clinic. She incurs $10 in travel costs and has a copayment of $20. The clinic's total charge is $60. The clinic spends $9 to bill the insurance company for the visit and uses resources worth $51 to produce the visit. The insurance company pays the clinic $40 and spends $11 to process the claim. Describe the cost of the visit from the perspective of the patient, the clinic, the insurer, and society?
6. During the last five years, average daily occupancy at the Autumn Acres nursing home has slid from 125 to 95 even though Autumn Acres has cut its daily rate from $125 to $115. Do these data suggest that occupancy would have been higher if Autumn Acres had raised its rates? What changes in nonprice demand factors might explain this change? (The supply, or the number of nursing home beds in the area, has not changed during this period.)

Need answers for all this question separately. i mean answers for each single question.

this question are from the book : Economics for Healthcare Managers. 4thedition, 2019. Lee, Roberts H., Health Administration Press, Chicago, IL. ISBN: 9781640550483