Treatment k cost 2000nbspnbsp survival rate sr 50treatment, Ask an Expert

Economics

Treatment K: Cost: $2,000 Survival rate (SR): 50%

Treatment L: Cost $3,000 SR: 45%

Treatment M: Cost $4,000 SR: 64%

Treatment N: Cost $6,000: SR: 70%

Treatment O: Cost 10,000: SR: 73%

Treatment P: Cost 12,000: SR: 86%

No treatment: SR: 5%

a. Is there an option that is COMPLETELY DOMINATED? Identify.

b. Compute the ACER for each treatment

c. Using ICER (show your solutions), identify where the patient should go

i. After Treatment K?

ii. After Treatment L?

iii. After treatment M?

iv. After Treatment N?

(Note: if an option is completely dominated it is not included in ICER analysis)

d. Draw the Cost Effectiveness Frontier

e. Are there dominated strategies after ICER analysis? Identify them if they exist.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91386985

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