Question: You got sick with a flu and you have two approaches of treatment: 1) buy a chicken soup and ibuprofen that would cost $20 for
You got sick with a flu and you have two approaches of treatment: 1) buy a chicken soup and ibuprofen that would cost $20 for a 7-day supply; flu lasts 7 days and your quality (utility) weight is .55; 2) take Tamiflu that costs $175 for a 7-day supply; flu lasts 7 days and quality (utility) weight is .6. Calculate incremental cost-effectiveness ratio of the 2nd strategy relative to the 1st.
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