What is the effectiveness of the drug

Assignment Help Microeconomics
Reference no: EM13683930

In one year, 30 persons per 1,000 die of asthma. A new drug reduces that number to 20 per 1,000. How is outcome defined, and what is the "effectiveness" of the drug?

Reference no: EM13683930

Questions Cloud

The marginal cost pricing model computes a mark-up : The marginal cost pricing model computes a mark-up over marginal costs using estimates of the price elasticity of demand. Will any other pricing strategy result in higher profits?
Deliveries of commercial jetliners at end of first quarter : A 40-day strike at Boeing resulted in 50 fewer deliveries of commercial jetliners at the end of the first quarter of 2000. At a cost of $20 million per plane, what was the equivalent end-of-year cost of the strike (i.e., end of fourth quarter) at an ..
Calculate magnitude and the direction of gravitational force : A uniform rod has length L and mass M. A small uniform sphere of mass m is located a distance x from one end of the rod, Calculate magnitude and the direction of gravitational force exerted on the sphere by the rod
Find what average power is delivered by source : A series R-L-C circuit of R = 225 ohm, L = 0.930 H and C = 2.00 μF carries an rms current of 0.230 Amp with a frequency of 100 Hertz. Find what average power is delivered by source
What is the effectiveness of the drug : In one year, 30 persons per 1,000 die of asthma. A new drug reduces that number to 20 per 1,000. How is outcome defined, and what is the "effectiveness" of the drug?
Find what magnitude of uniform magnetic field is needed : You wish to hit a target from several meters away with a charged coin having a mass of 4.4 gram and a charge of +2700 μC. find what magnitude of uniform magnetic field is needed in the region for the coin to hit the target
Analyze five reasons why demand for this product could shift : Using these schedules, draw a demand curve and a supply curve using PowerPoint or Excel. Use these to decide the equilibrium price and equilibrium quantity for the product. Analyze five reasons why demand for this product could shift.
A direct financing lease : A direct financing lease
Evaluate the magnitude of the magnetic field : A group of particles is traveling in a magnetic field of unknown magnitude and direction. Evaluate the magnitude of the magnetic field

Reviews

Write a Review

Microeconomics Questions & Answers

  What is the elasticity of demand with respect to income

What is the elasticity of demand with respect to income? Comment on and interpret your answer (i.e., the sign and magnitude of the elasticity).

  Difference between increase in demand and quantity demanded

Describe the difference between rise in demand and an increase in quantity demanded, through giving an example of what would cause an rise in quantity demanded

  What term is used to refer to costs incurred by principals

1. Which of the following statements is/are consistent with publicly traded companies 2. In the context of the agent-principal problem, what term is used to refer to the costs incurred by principals to attempt to ensure that their agents are actin..

  What is the concentration ratio for the industry x and

what is the concentration ratio for the industry x and y.number of firm ----industry x ------ industry y1

  Would you consider the approach incompatible with long run

jet blue corporation continuously offers fare discounts to attract customers awareness about the company increase

  How demand and supply determines prices

how demand and supply determines prices in "contemporary art market" and the effects on speculation

  Use the principles of supply and demand

Use the principles of supply and demand to address a predetermined goal

  How would a substantial appreciation in the european euro

How would a substantial appreciation in the European euro in the foreign exchange market affect the quantity of imports of European products by the U.S.? How would such an appreciation of the European euro affect travel by Americans to Europe?

  What will profit or loss be per unit

What will be the equilibrium price? What will be the equilibrium output for the industry? For each firm? What will profit or loss be per unit? Per firm? Will this industry expand or contract in the long run?

  Suppose the jeans industry is an oligopoly in which each

suppose the jeans industry is an oligopoly in which each firm sells its own distinctive brand of jeans and each firm

  How might an adverse selection spiral develop in the market

Suppose you own an insurance company. Further suppose that this market is composed of only 3 people. Further still, supposed that this insurance is full coverage and medical expenses are always $1000. It would be logical to also assume conditions ..

  What is the least cost method of producing the target level

What is the Marginal Rate of Technical Substitution between labor and capital and what is the least cost method of producing the target level of output

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