Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. You have the following table of costs and benefits for alternative treatments Treatment # Cost Effectiveness (life years gained) 1 100000 5 2 200000
1. You have the following table of costs and benefits for alternative treatments
Treatment # | Cost | Effectiveness (life years gained) |
1 | 100000 | 5 |
2 | 200000 | 3 |
3 | 400000 | 10 |
4 | 500000 | 20 |
A. Which treatment(s) if any, is strongly dominated? B. Which treatment(s) if any is weakly dominated?
C. Calculate incremental cost effectiveness ratios.
D. Assuming that a life year is considered to be worth up to 100000, which interventions would you choose, in the absence of budgetary constraints?
E. How might budgetary constraints affect your decision on which interventions to choose?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started