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A controversial new device, the implantable cardiac defibrillator (ICD), was used in a clinical trial to determine if it improved survival for heart attack patients over the standard drug treatment. The trial provided the following information: Two years after the first heart attack, 85% of the ICD patients were still alive, compared to 70% of the drug treatment group. No additional data were available after the 24-month trial.
Explore how to utilize survival measures as a method of measuring cost and effectiveness. It is important to be able to consider just how many patients may be affected, what their treatment alternatives are, and the impact of using survival measures as a method of measuring cost and effectiveness
Several questions in this problem set are based on the 8/19/12 Wall Street Journal article "Cartel Pushes Up Price of Rubber." This article is at the end of the module on Antitrust Policy. Try to read the entire article carefully first.. What challen..
Compare and contrast the experiences of immigrants and refugees. Describe at least three specific similarities and/or differences.
An article in The Economist magazine noted that 'the economy's potential to supply goods and services [is] determined by such things as the labour force and cap
When a bank issues a loan, its liabilities and reserves increase by the amount of the loan" on the basis of the following assumptions:
What is the value of the world net loss from the cartel (deadweight loss)? Instead of maximizing profit, the cartel wants to maximize revenue or market share, at what price should it sell its product?
Is government regulation necessary to make sure that businesses serve the interests of consumers? Explain.
Analysis of a recent security breach at an organization revealed that the attack leveraged a telnet server that had not been used for some time. Below are partial results of an audit that occurred a week before the breach was detected.
The payoff to a company that enters is its gross profit minus its entry cost, while the payoff to a company that does not enter is 60.
What is the nominal annual interest rate, based upon continuous compounding? What would be the interest after 7 years?
What happens to the capital labor raiot? (Increase or decrease) Increasing.
Two folks are fishing next to each other. Let x and y denote the amount of fish (in pounds) caught by players 1 and 2, respectively. Player 1’s payoff from catching fish isπ_1 (x,y)=2x-x^2/4-xy/10 π_1 (x,y)=2x-x^2/4-xy/10 . Similarly, the payoff of p..
Sketch the firm's isoquant and isocost lines and show its current equilibrium in the use of labor and machines when producing 200 gizmos per month.
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