Given treatments

Assignment Help Microeconomics
Reference no: EM131016692

  1. For questions 1 - 6:

    Given treatments:

    A: cost $4,000, 60% survival

    B: cost: $7,000, 63% survival

    C: cost $11,000, 61% survival

    D: cost $10,000, 74% survival

    No intervention: 11% survival 

    Which treatment is obviously dominated?

    a.

    A

    b.

    B

    c.

    C

    d.

    D

    e.

    no treatment is obviously dominated

3 points   


QUESTION 6

  1. From the previous question.  What is the ICER from treatment A to B?

    a.

    $10,000

    b.

    $100,000

    c.

    $42,857

    d.

    $1 million

    e.

    none of the above

QUESTION 7

  1. Given Question 5 Which treatments comprise the Cost Effectiveness Frontier?

    a.

    A, B, C, and D

    b.

    A and D

    c.

    A, C, and D

    d.

    A, B, and D

QUESTION 8

  1. 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

QUESTION 9

  1. What can we add to the CEF to turn this cost effectiveness tool into a Cost Benefit tool?

    a.

    insurance

    b.

    moral hazard

    c.

    indifference curves

    d.

    premium rates

QUESTION 10

  1. For year 1 after the surgery, Dlanod's probability of survival is 0.7 and  his q value is 0.6. Assuming a discount factor of 0.91, what is his QALY for year 1?  (rounded-off)

    a.

    0.92

    b.

    2.21

    c.

    0.81

    d.

    0.38

QUESTION 11

  1. In addition to info in Question 10, In year 2, survival rate will be 0.7, quality of life = 0.6 and the discount factor = 0.83

    What is the total QALY for the 2 years?

    a.

    0.35

    b.

    0.73

    c.

    1.2

    d.

    2.59


    e.

    3.02

QUESTION 12

  1. Which HTA requires benefits to have dollar values?

    a.

    Cost Effectiveness Analysis

    b.

    Cost Effectiveness Ratio

    c.

    Cost Benefit Analysis

    d.

    Incremental Cost Effectiveness Ratio

Reference no: EM131016692

Questions Cloud

Identify the mistakes made during failure to communicate : Identify an instance in which an individual or group presented a sound and creative solution to a problem, but failed to persuade their target audience to accept the proposed solution.
Compare national and international bodies of freshwater : Compare national and international bodies of freshwater, when it comes to institutional regimes - are the challenges similar, or must they be treated in different ways?
Blacktown environmental plan-tasmanian local planning scheme : You have to compare blacktown 'environmental plan with any tasmanian local planning scheme.
Where is avc when ap is at its maximum : Where is Avc when Ap is at its maximum? what happens to Avc after this point
Given treatments : For questions 1 - 6: Given treatments: A: cost $4,000, 60% survival
What additional dimensionless parameters are required : For a geometrically similar 1/10 size model, what is the relationship between the drain time for the model and the corresponding drain time for the actual parking lot? Assume all similarity requirements are satisfied. Can water be used as the mode..
Determine the significant factors that made implementation : From the e-Activity, determine the significant factors that made the implementation of the company's strategy so effective. Provide support for your rationale.
Identify the components of the growth accounting formula : Identify the components of the growth accounting formula.  Discuss the weights of each of these components and the different effect that each weight has on output and each other.ECON 352 – Intermediate Macroeconomics
Research a global business or an organization : Research a global business or an organization and analyze the overall effect of global competition of that company.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd