Which policy would be the most cost effective?

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
Chapter3: Benefits, Costs, And Decisions
Section: Chapter Questions
Problem 3.6IP: Dropping University Courses Students doing poorly in courses often consider dropping the courses....
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Which policy would be the most cost effective?

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Value (price x Effectiveness)
$10,000
$100,000
$110,000
$120,000
Costs
Policy
Effectiveness (# quit)
1,000
10,000
12,000
15,000
$6,000
$50,000
$70,000
$145,000
A
B.
C
Transcribed Image Text:Value (price x Effectiveness) $10,000 $100,000 $110,000 $120,000 Costs Policy Effectiveness (# quit) 1,000 10,000 12,000 15,000 $6,000 $50,000 $70,000 $145,000 A B. C
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