Cost effectiveness frontier-downward-sloping line

Assignment Help Business Economics

Reference no: EM131097171

Part A-What impact does insurance (or having more beneficial insurance) have on a Cost effectiveness Frontier?

a. nothing

b. shifts the frontier to the right

c. shifts the frontier to the left

d. cannot be determined

Part B- On a Cost Effectiveness Frontier graph, Treatment M is above Treatment N so connecting treatment M to treatment N is a downward-sloping line. What can we conclude?

a. Treatment M dominates Treatment N: obvious domination

b. Treatment N dominates Treatment M: obvious domination

c. Treatment M dominates Treatment N: only marginal domination

d. Neither treatment is dominated by the other

e. none of the above

Reference no: EM131097171

Questions Cloud

Predict for the profitability of pharmaceuticals product : Market approval in the US for new pharmaceutical products in a long, arduous, and expensive process. Once approved, patent protection keeps substitute products from entering for some years. if the demand for a particular product is stable, what would..

Constitution the concept of checks and balances : Our forefathers incorporated into the Constitution the concept of checks and balances. Explain its strengths and weaknesses of such a system, especially in a democracy form of government.

Monopolist faces market demand curve : A monopolist faces a market demand curve given by: Q = 70 – P. This monopolist perfectly price discriminates among its customers. If the monopolist can produce at constant average and marginal costs of AC = MC = 6, the monopolist’s profits are equal ..

Unit cost of gasoline in dollars per litre in real terms : A new technological line of gasoline production has the following parameters: Expected annual inflation is 5%. If current interest rate is 10%, what is the unit cost of gasoline in dollars per litre in real terms?

Cost effectiveness frontier-downward-sloping line : What impact does insurance (or having more beneficial insurance) have on a Cost effectiveness Frontier? On a Cost Effectiveness Frontier graph, Treatment M is above Treatment N so connecting treatment M to treatment N is a downward-sloping line. What..

Commercial and investment banks played in crisis : Discuss and explain the following questions using knowledge about the dynamics of Aggregate Demand and Aggregate Supply Model. What is the cause of the 2007-09 Great recession? What happened to aggregate demand and aggregate supply model during this ..

The supply of space : The supply of space is

Economic burden of this payroll tax-firms or workers : The current payroll tax is 7.65% on both employers and employees (as of 2013). Who do you think bears the economic burden of this payroll tax—firms or workers? Why? Using the tax incidence approach, support your answers using economic principles.

Macroeconomics and government fiscal and monetary policy : Discuss some of the things that you learned from this class that is contrary to what you have heard in the media about macroeconomics and government fiscal and monetary policy.

User Account

All Pages