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Which of the following statements is true regarding cost-effectiveness analysis? Question 29 options: It measures benefits/outcomes for all relevant alternative uses of scarce resources in
Which of the following statements is true regarding cost-effectiveness analysis? Question 29 options: It measures benefits/outcomes for all relevant alternative uses of scarce resources in their natural units (e.g. QALY's) It requires the monetization of costs as well as benefits for all relevant alternative uses of scarce resources It always results in the equitable allocation of scarce resources based on need It is based on theory of maximizing social welfare/well being (allocative efficiency)The profit-maximizing health services producer is predicted to produce a level of output where which of the following conditions is true? Question 30 options: Marginal revenue = average total cost Marginal revenue = marginal cost Marginal revenue < average total cost Marginal revenue < marginal cost
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