24. The following table represents the costs and benefits of four alternative clinical programs designed to...
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24. The following table represents the costs and benefits of four alternative clinical programs designed to treat a single disease. Benefits are measured in terms of the number of lives saved. ICER Program Cost ($) A B C D E 60,000 100,000 100,000 200,000 200,000 Lives Saved 8 10 12 12 15 Incremental Cost Incremental Effectiveness a. Identify all strictly dominated strategies. Explain why each is dominated. (4') b. Calculate the incremental cost, incremental effectiveness, and incremental cost effectiveness ratios (ICER) for all economically rational strategies. (You can just use the table above) (10') 24. The following table represents the costs and benefits of four alternative clinical programs designed to treat a single disease. Benefits are measured in terms of the number of lives saved. ICER Program Cost ($) A B C D E 60,000 100,000 100,000 200,000 200,000 Lives Saved 8 10 12 12 15 Incremental Cost Incremental Effectiveness a. Identify all strictly dominated strategies. Explain why each is dominated. (4') b. Calculate the incremental cost, incremental effectiveness, and incremental cost effectiveness ratios (ICER) for all economically rational strategies. (You can just use the table above) (10')
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