Question
An intervention has the following cost and benefit profile: Baseline cost = 400,000Range: 200,000 - 1,200,000 Baseline benefit=10 life yrs Range 5 - 20 a.Perform
An intervention has the following cost and benefit profile:
Baseline cost = 400,000Range: 200,000 - 1,200,000
Baseline benefit=10 life yrs Range 5 - 20
a.Perform a sensitivity analysis.
b.If the cost effectiveness cutoff is 100,000/life yr, when is the intervention not cost effective?What if the cutoff is $50,000 per life yr?
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Advanced Placement Microeconomics
Authors: Bill Hurd
1st Edition
1531150306, 978-1531150303
