Decision between the implementation of contingency plan

Assignment Help Business Economics
Reference no: EM131242340

You recently received word that Sunnydale’s neighboring town, Shadyville, reported an incidence rate of 10 new cases per 100,000 residents annually for cryptosporidiosis. Residents have two contingency plans to possibly lower the Cryptosporidium rate. You have once again been hired to help a community analyze its options for health outcomes.

Contingency Plan 1 is a new process introduced by an international health team that guarantees the removal of pathogenic microorganisms in the town’s water system. Evidence has revealed that Contingency Plan 1 will lower the influenza rate to four new cases annually.

Contingency Plan 2 is a mandated, innovative antidote that completely protects the population against influenza; however, Contingency Plan 2 has one adverse side effect. Participants receiving the antidote become extremely lethargic and cannot function for 7 days.

1. What types of economic evaluations should Shadyville use to rationalize the decision between the implementation of Contingency Plan 1 and Contingency Plan 2? Why?

2. Thinking outside of the box, quantify all of the costs for Contingency Plan 1 and Contingency Plan 2.

Include both direct and indirect costs.

3. Discuss how outcomes are measured for a cost-effectiveness analysis, a cost-utility analysis, and a cost-benefit analysis.

4. Conduct at least 1 type of economic evaluation, and make several assumptions regarding why the economic evaluation is appropriate for Shadyville.

5. Make your recommendation on whether to use Contingency Plan 1 or Contingency Plan 2.

Include ethical justification.

6. Describe how your findings may be helpful for Sunnydale to decide among its alternatives.

Reference no: EM131242340

Questions Cloud

What is the equivalent equal uniform annual cost : It is estimated that the maintenance cost on a used car will be $300 the first year. Each subsequent year, the maintenance cost will increase by $50. At an interest rate of 6% per year, what is the equivalent equal uniform annual cost of maintaining ..
What is equilibrium price and quantity-slope of demand curve : The equation for the demand curve for Red Sox tickets is given by P=800-0.01Q^d. Graph the supply and demand curves. What is the equilibrium price and quantity? What is the slope of the demand curve?
What will be your equal monthly payments : You borrow $10,000 from a bank on January 1st. You must repay the loan in 36 equal monthly payments, due on the 1st of each month beginning February 1st. If interest is 12% annually compounded monthly, what will be your equal monthly payments?
Suppose consumers preferences for goods : Suppose a consumers preferences for goods x & y can be described by the utility function u(x,y)=[AX^R+BY^R]^(1/R), where A & B are positive numbers & R is a negative or positive number. show that as R approaches 0 this utility function is associated ..
Decision between the implementation of contingency plan : You recently received word that Sunnydale’s neighboring town, Shadyville, reported an incidence rate of 10 new cases per 100,000 residents annually for cryptosporidiosis. Residents have two contingency plans to possibly lower the Cryptosporidium rate..
What sum of money received now is equivalent : What sum of money received now is equivalent to $100,000 received at the end of five years from now if the current interest rate is annually 4% compounded every half year period?
Free trade agreement : As a result of the North America Free Trade Agreement, many ionic "American" cars are not assembled in the United States. Please explain why? Provide some examples of U.S.cars that are assembled outside of the United States?
What is the new optimal consumption bundle : Find out our initial consumption bundle and the utility it provides. What share of your income do you spend on each good? One day you wake up to the horrible news that the price of coffee increased to $3. What is the new optimal consumption bundle?
Competing bgs models in terms of respective characteristics : Please compare the competing BGS models in terms of their respective characteristics. Then rank them from best to worst fit for the current US economy. Provide logical reasons for your ranking.

Reviews

Write a Review

Business Economics Questions & Answers

  Actuarially fair amount for insurance

Suppose utility had been leaner in wealth would this person willing to pay anything more than the actuarially fair amount for insurance.

  What is the opportunity cost of producing pound of? apples

On a production possibilities? frontier, 500 pounds of apples and? 1,200 pounds of bananas can be produced while at another point on the same? frontier, 300 pounds of apples and? 1,300 pounds of bananas can be produced. Between these? points, what is..

  Many factors affect supply and demand of carbonated sodas

Many factors affect the supply and demand of carbonated sodas.

  Demand decreases and supply increases simultaneously

If demand decreases and supply increases simultaneously then for sure. Which of the following will increase the demand for chicken?

  How might the business be able to increase its revenue

Briefly explain what influences the supply of labor used in this business. Briefly explain what influences the demand of labor that this business uses. What might be some ways that this business could reduce its costs per unit (ATC)? How might the bu..

  Market price method of allocating scarse airline seats

On March 31, 2008, Hawaii lost 15 percent of its air service as aloha airlines and the cheap-flight airline ATA suddenly shut down. Stranded travellers were offered flights to west coast cities $1000 one way. Under what conditions the $1000 fare woul..

  Compare australia and china growth rates

1) Compare Australia and China growth rates over the period of last ten years (2005 - 2015) in about 300 words

  What percent of the students at this university are foreign

Records show that 12% of all college students are foreign students who also smoke. It is also known that 60% of all foreign college students smoke. What percent of the students at this university are foreign?

  Whereas plato is making normative claims

Write a 750-word paper about Thucydides versus Plato on the nature of the Good Life. Some have claimed that Thucydides is making empirical claims, whereas Plato is making normative claims. Is that true? Support your answer in your paper.

  Reflect on the notion of fiscal union within european union

Reflect on the notion of fiscal union within the European Union. Why is it becoming necessary? Can it be achieved quickly enough to avert financial disaster within the trading bloc?

  What is the cournot equilibrium

Two identical firms compete in competition (Cournot competition) in the same market where the inverse demand is P(Q) = 100 − Q. The constant marginal cost of both firms is 10. Find the best response function for each firm. What is the Cournot (simult..

  Purchase an investing for dummies

A farmer sells cotton to a clothing company for $1,000 and the clothing company turns the cotton into T-shirts that it sells to a store for a total of $2,000. You bought a new Wii at GameStop last year and resold it on eBay this year. You purchase an..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd