Estimate the value of a life saved

Reference no: EM13789661

Assignment: Prescribing Policies

Write 6 page paper in which you:

1. Determine the following before deciding a prescription: (a) maximize effectiveness at the least cost; (b) maximize effectiveness at a fixed cost of $10,000; (c) achieve a fixed-effectiveness level of 6,000 units of service at a fixed cost of $20,000; (d) maximize net benefits, assuming that each unit of service has a market price of $10; (e) maximize the ration of benefits to costs, assuming that each unit of service has a market price of $10.

2. Determine which of the two main programs (Program I and Program II) should be selected under each of these criteria. Justify your position.

3. Describe the conditions under which each criterion may be an adequate measure of the achievement of objectives.

4. Determine the assumptions that govern estimates of the value of time lost driving, indicating which assumptions (if any) are more tenable than others. Justify your position.

5. Determine the best way to estimate the value of time. Justify your position.

6. Determine the best way to estimate the cost of a gallon of gasoline. Justify your position.

7. Determine the more reliable method to estimate driving speeds and miles per gallon by using (a) official statistics on highway traffic from the Environmental Protection Agency or by using (b) engineering studies of the efficiency of gasoline engines by the Department of Energy. Discuss any consequences of using one source rather than another. Justify your position.

8. Estimate the value of a life saved. Justify your position.

9. Determine which policy is preferable, (a) the 55-mph speed limit or (b) the 65-mph limit. Justify your position.

10. Include at least two peer-reviewed references (no more than five years old) from material outside the textbook to support your views regarding the proposed U.S. response to the conflict in Bosnia.

Reference no: EM13789661

Questions Cloud

Identifying the four beginning stages of critical thinking : Identifying the four beginning stages of critical thinking - explanation of your current level of critical-thinking development.

Writge a summary of paper no child left behind race to top : Writge a summary of the paper No Child Left Behind/Race to the Top.

High biometrics, low biometrics and esoteric biometrics : Identify and discuss one high biometric and explain its application to criminal justice.

Constant compound annual rate : What would the value of Brooks's stock be if the previous dividend was D0 = $3 and if investors expect dividends to grow at a constant compound annual rate of (1) - 6%, (2) 0%, (3) 2%, or (4) 14%? Round your answers to the nearest cent.

Estimate the value of a life saved : Estimate the value of a life saved. Justify your position. Determine which policy is preferable, (a) the 55-mph speed limit or (b) the 65-mph limit. Justify your position.

Describe what would be the likely outcomes in the economy : Describe what would be the likely outcomes in the economy. Use the appropriate tools of analysis, such as aggregate demand and aggregate supply where appropriate, to justify and explain your answer.

Psychology analyzing with anova : PSYCHOLOGY Analyzing with ANOVA

Five forces of competition model : From the e-Activity (Use the Internet to research the industry of your choice in light of the Five Forces of Competition Model), analyze the industry you selected using the Five Forces of Competition Model to determine the impact of each of the fi..

Problems based on ethical issues : What action do you feel compelled to take concerning this situation both with Karl and your colleagues? Why?

User Account

All Pages