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Government spending related to smoking, alcohol abuse, and illegal drugs reached $468 billion dollars in 2005: http://www.nytimes.com/2009/05/28/us/28addiction.html
The cost to employers is about $100 billion every year: http://www.hrhero.com/audio/substance_abuse/
So, if you add these up it comes to an estimated $568 billion dollars annually.
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When people become addicted to alcohol or drugs there is a cost in?
There will be a large cost in drugs and alcohol.
What is social cost?
social cost is the cost of the people living
How do you determine optimum production?
Three important cases: Total productive surplus is maximised at consumer equilibrium. Total profit is maximised when marginal cost = marginal benefit. Social welfare is maximised where marginal social cost = marginal social benefit.
When was The Problem of Social Cost created?
The Problem of Social Cost was created in 1960.
How much do drugs cost?
It would be impossible to answer without knowing what specific drugs you are talking about.
What drugs are available and how mush do they cost?
Every kind, and they dont cost much.
If the private cost of owning something is lower the the social cost what can be done.?
This is an economic question. what if private cost of owning something is lower then the social cost what can be done, and how?
Social cost benefit analysis?
Summary Social cost/benefit: sum of all private costs/benefit. Social welfare analysis: involves optimising social outcomes based on cost/benefit. Optimal occurs: where marginal social cost (MSC) = marginal social benefit (MSB) Is used for: cost of economic choices, policies, initiatives, etc. Longer Explanation Social cost-benefit analysis is also known as 'welfare analysis' and is very similar to normal firm optimisation models. Essentially, social cost and benefit usually involve a private producer or consumer and a public provider or public demand. In these cases, the private cost/benefit of the private actor differs from the social cost/benefit. A social cost/benefit is simply the sum of all costs and benefits of all private actors. Cost is represented on a cost-quantity axis as a positively-sloped function (linear or higher power) and benefit is a negatively-sloped function. Their optimisation occurs where the derivatives of cost and benefit (marginal social cost; marginal social benefit) are equal. This point is where profit/social welfare is greatest.
What are the difference between social cost and economic growth?
Social cost is part of economic growth because overall economic production is a function of social benefit minus social costs.
What has the author Peter Stolz written?
Peter Stolz has written: 'Psychopharmaka, volkswirtschaftlich analysiert' -- subject(s): Cost effectiveness, Tranquilizing drugs 'Psychotropic drugs, economically considered' -- subject(s): Cost effectiveness, Tranquilizing drugs
Why social media important in cost point of view?
Social media help to save money because of the low cost on messages
About how much do drugs cost?
if you need to ask, you dont have enough money...
