Q) Economic evaluation (Cost-Benefit Analysis CBA, Cost-Effectiveness Analysis CEA) is tool used to help decision makers allocate scarce resources in the most efficient way. You were requested to set up a smoking cessation clinic work in your organization i) determine the CBA/ CEA for providing this service, and ii) what factors will you need to take in consideration?

Q) Economic evaluation (Cost-Benefit Analysis CBA, Cost-Effectiveness Analysis CEA) is tool used to help decision makers allocate scarce resources in the most efficient way. You were requested to set up a smoking cessation clinic work in your organization i) determine the CBA/ CEA for providing this service, and ii) what factors will you need to take in consideration?

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter1: Introduction: What This Book Is About

Section: Chapter Questions

Problem 3MC

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Similar questions

Describe key points (with clear justification) that you would use to encourage a cohort of farmers and a cohort of employers of several electricity distribution companies to join an appropriate health insurance scheme.
QUESTION 5 When the outcomes are the same for all of the interventions being studied, then the economic analysis method that can be applied is: A. Cost-minimization analysis B. Cost-consequence analysis C. Cost-utility analysis D. Cost-effectiveness analysis
Which of the following correctly identify ways in which cost-effectiveness analysis differs from cost-benefit analysis? You may select multiple answes. A. In a CBA costs and benefits in the distant future are not ignored, but they are in a CEA. B. In a CBA, revealed preference measures can be used as a method of measuring impacts but they are not in a CEA. C. A CBA does not attempt to evaluate efficacy, but a CEA does. D. A CBA monetizes both costs and benefits, whereas CEA only monetizes costs. E. A CBA fails to consider effects on income distribution but a CEA does.
Implementation and enforcement of the seatbelt law has resulted in an increase in the number of accidents. which core principle is represented in the scenario (if any) choose: a. Cost-benefit analysis b. The situation does not represent a core principle c. Scarcity, choice and opportunity cost d. Diminishing returns e. Compare the cost versus benefit in making decision f. Incentive principle g. Scarce resources so choice has to be made h. People are responding to an incentive I. Adding more variable factor to a given fixed factor
What is considered "rational" by one person may not be"rational to another person because a) Of ethical considerations that give rise to different value judgements b) People have different preferences c) Of the effects on the decision rendered by considering the future d) Some people may have access to more information than others e) All of the above
Which of the statements below is a positive statement? Group of answer choices PCC should not have changed the class schedule at the last minute because it makes it more difficult for students. High grocery prices during a pandemic are unfair to unemployed households. Many businesses have benefited from increased sales during the pandemic. The federal government should increase healthcare funding to states during the pandemic.
implementation and enforcement of the seat belt law has resulted in an increase in the number of accidents. which core principle is represented in this scenario(if any)? Explanation choose one deminishing returns people response to an incentive cost benefit analysis the suitation does not represent a core principle incentive principle cost,choice,opportunity cost scarcity, choice, opportunity cost compare the cost verses benefit in making decision adding more variable cost to a give fixed factor
Chapter 12 List and discuss the steps in the consumer decision making process. provide an example of each step. List and discuss the three steps in the three perspectives on decision making Chapter 13 Describe the value equation and provide an example. Discuss what evaluative criteria is and what determinant criteria is provide an example of each, Describe 2 factors affect evaluative criteria. Describe the difference between compensatory rules an non-compensatory rules.
This is not a writing assignment, this is a multiple-choice question Of the following, in which case have the incentives been correctly placed to produced the desired results? Group of answer choices To protect the beautiful beach it is made communal property that belongs to everyone, together, and to no one individually. Each person using the beach thinks that the beach belongs to him/her, but when leaving the beach leaves his/her trash around for someone else to pick up, because the beach really belongs to everyone. Rent control forces the price of apartments below the market rate to make apartments more affordable, but has no income restriction requiring the lower priced apartments to be rented out to low income people. Rent control always results in shortage. Landlords prefer to rent out their few available apartments to people with assured income and small families. A piece of communal property is parceled out to many families, and each family receives a plot in which to…
Nonprofit human service organizations obtain the majority of their resources from: Group of answer choices A.Federated sources such as the United Way B.Charging fees for their services C.Fund-raising events and direct mail appeals D.Government grants and contracts E.Various for-profit activities
Which of the following choices is not found in a decision-making grid? benefit not taken revenue opportunity cost benefit
Which of the following is the best example of positive economic analysis? Group of answer choices Congress repealing the individual mandate portion of Obamacare Determining whether changes in the Medicaid reimbursement rate for medical procedures affects how many providers accept Medicaid insurance. Deciding what the income threshold for Medicaid eligibility is An employer deciding whether or not to offer healthcare coverage to family members of employees Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure