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Principles of Pharmacoeconomics: Lecture 1 Background

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Principles of Pharmacoeconomics: Lecture 1 Background

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Questions and Answers

Which of the following is considered an indirect cost that can be reliably calculated from data?

Pain from treatment
Reduced productivity at work (correct)
Intangible costs
Anxiety from illness

What is the main characteristic of intangible costs?

They are impossible to measure (correct)
They do not occur
They are not worth identifying
They are easy to measure

Which of the following is an example of a fixed cost in healthcare?

Building hospitals (correct)
Drugs
Investigations
Disposable equipment

Which of the following is an example of a variable cost in healthcare?

Disposable equipment (D) Signup and view all the answers

How are staff costs classified in healthcare?

They can be either fixed or variable costs (D) Signup and view all the answers

What is the main difference between fixed and variable costs in healthcare?

Fixed costs are incurred whether patients are treated or not, while variable costs are incurred from patients' treatment (C) Signup and view all the answers

What is the main characteristic of semifixed costs in healthcare?

They may increase only with a large increase in activity (B) Signup and view all the answers

Which of the following is NOT a component of fixed costs in healthcare?

Variable costs (B) Signup and view all the answers

Which of the following is a type of indirect cost in healthcare that is difficult to measure?

Anxiety and pain from illness or treatment (C) Signup and view all the answers

What is the main purpose of identifying intangible costs in healthcare?

To understand the full impact of healthcare interventions (B) Signup and view all the answers