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Consider that two drugs are available for the management of diabetic patients. The first, drug, the current practice, costs $12,000 over 15 years. The new drug costs $7,500 over 15 years. The outcome measure, quality adjusted life years (QALY) with the current practice is 9.0 over 15 years for diabetic patients and the QALY will improve to 9.8 with the new drug.
The incremental cost-effectiveness ratio ($) of the new drug is:
Why is ethics an integral part of engineering? What is the engineering advantage? What is the problem-solving schematic? What is the problem-solving schematic?
The time series Xt is generated through the ARIMA model. Where B is the back-shift operator, and at is white noise.
Find outing relate to economist's traditional focus on Illustrate what people do, rather than Illustrate what they say they will do.
Assume that the country is in a period of high unemployment, interest rates are at almost zero, inflation is about 2% per year, and GDP growth is less than 2% per year. Suggest how fiscal and monetary policy can move those numbers to an acceptable le..
the standard product of labor is 6 flutes per day also the marginal product of labor is 8 flutes per day.
The Federal Reserve attempts to keep prices stable and unemployment low. Is there are a contradiction in these objectives? Describe the monetary policy tools that are available to the Federal Reserve to achieve these objectives.
q.consider the following cobb-douglas production function for the bus transportation system in a particular cityq
Mike spends all his money on Jelly Beans and Gummy Bears and these two products are perfect substitutes for Mike. A few of Mike’s indifference curves are shown in the figure below. The dark line L is Mike’s budget line at current prices.
If amazon.com's revenue increased after it cut the price of books, dvds, and blu-rays what must be true about the price elasticity of demand for ordering these goods online?
What effect, if any, would each of the following have on the short-run average (ATC, AFC, AVC) and marginal costs of an auto dealership:
Illustrate what relationship must hold between x and p so that A second order stochastically dominates B.
Explain why do you think it is important for managers to understand the mechanics of supply and demand both in the short run and in the long run.
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