What costs would not be typically considered in a cost-benefit analysis to decide if an adult child quitting school and moving home so as to take care of an invalid parent would be cost effective?
A) Household living
B) Insurance
C) Out-of-pocket
D) Provider

Question

Quizplus · Accepted Answer

A cost-benefit analysis assesses alternative ways of using resources, and the one that produces the greatest benefit is chosen. Alternative approaches are compared to identify the strategy that provides the most value for the money. Typically, the costs that would be considered include out-of-pocket, opportunity, insurance, and provider costs.
Insurance costs, both for the adult child and the invalid parent, are costs that need to be considered in cost-benefit ratio decisions.
Out-of-pocket costs, such as deductibles and medications, are costs that need to be considered in cost-benefit ratio decisions.
Provider costs, such as the possible use of home health assistants and extended care services, are costs that need to be considered in cost-benefit ratio decisions.

What Costs Would Not Be Typically Considered in a Cost-Benefit