Part a and b 3. Given the following table. :Cost of treatmentTreatmentNo treatmentDrug ADrug BDrug CDrug DDrug E$40,000$30,000$50,000$80,000$100,000|Life expectancy| 20 years20.5 years20.6 years| 21 years| 22 years| 22.2 years(a) Calculate the ICER between drug B and drug C, and between drug E and drug D.(b) Draw a cost-effectiveness frontier, where Y axis represents effectiveness, X-axis representscost.

Treatment Cost of Treatment Life expectancy No treatment 0 20 Drug A $40,000 20.5 Drug B…

3. Given the following table. : Life expectancy 20 years 20.5 years 20.6 years 21 years 22 years 22.2 years Cost of treatment Treatment No treatment Drug A Drug B Drug C Drug D | Drug E $40,000 $30,000 $50,000 $80,000 $100,000 (a) Calculate the ICER between drug B and drug C, and between drug E and drug D.

3. Given the following table. : Life expectancy 20 years 20.5 years 20.6 years 21 years 22 years 22.2 years Cost of treatment Treatment No treatment Drug A Drug B Drug C Drug D | Drug E $40,000 $30,000 $50,000 $80,000 $100,000 (a) Calculate the ICER between drug B and drug C, and between drug E and drug D.

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter14: Transaction Costs, Asymmetric Information, And Behavioral Economics

Section: Chapter Questions

Problem 3.8P

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