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. A course of chemotherapy costs $8000. If give to patient a, it will increase life expectancy by two months; for patient B, by six

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. A course of chemotherapy costs $8000. If give to patient a, it will increase life expectancy by two months; for patient B, by six months, for patient C, by one month; for patient D, by five months; and for patient E, by four months. If all five patients are treated, what is the average cost per year of life gained? If only one patient can be treated, which one should it be? If only two patients are treated, which ones should they be? What is the marginal cost per additional year of life for the patient most likely to benefit? What is the marginal cost per additional year of life for the patient least likely to benefit? Draw the total and marginal benefit curves (label the Y axis "Years of life gained" and the X axis "number of patients treated"). If all five patients are treated in alphabetical order, which one determines the marginal cost patient? per year of life gained, patient A, patient E, or some other Assuming that each additional year of life is worth $60,000, draw the demand curve for chemotherapy. Draw the supply curve. What is the relationship between the demand curve and the total and marginal benefit curves you drew in part A of this question? 218 words C 2 19 .... itv A MacBook Air 000 F2 20 F3 000 F4 F5 F6 F7 DII F8 F9

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