Question

. Show the link(s) (if any) between or among efficiency, cost-benefit analysis, cost-efficiency analysis and cost-utility...

. Show the link(s) (if any) between or among efficiency, cost-benefit analysis, cost-efficiency analysis and cost-utility analysis.

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Efficiency:- In microeconomics, economic efficiency means a situation in which nothing can be improved without something else being harm. It implies an economic state in which every resource is allocated to serve each individual.

Cost-Benefit Analysis:- A cost benefit analysis is a process businesses which is used to analyze and evalute the decisions. Cost-Benefits analysis include intangible benefits and cost.

Cost-Efficiency Analysis:- Cost-Efficiency analysis is a method to examine both cost and health outcomes. It is different from cost benefit analysis.

Cost Utility Analysis:- Cost Utility analysis is a form of financial analysis which is used to guide decisions.

There is a link among efficiency cost-benefit analysis, cost-efficiency analysis and cost-utility analysis. These analysis help to make financial decisions and for business improvement. A businessman would like to use these analysis for gaining profit.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Describe the difference between cost-effectiveness analysis and benefit-cost analysis as they apply to the question of...
Describe the difference between cost-effectiveness analysis and benefit-cost analysis as they apply to the question of preserving biological diversity.
Explain the economic link between opportunity cost and a decrease in wages. How might this have...
Explain the economic link between opportunity cost and a decrease in wages. How might this have impacted a workers utility maximizing choice?
A model cost/benefit analysis of solar power. The main ingredients of this analysis are the power...
A model cost/benefit analysis of solar power. The main ingredients of this analysis are the power used (required) and the power delivered. For a simple model we want to use broader averages. Used: An American home has an average power use of 1.2 kW. That means that considering all of the daily variation, the difference between night and day and the seasons, etc., the average at any given second is 1.2 kJ per sec = 1.2 kW. Delivered: The home...
is there any link between public agenda and media agenda? Explain
is there any link between public agenda and media agenda? Explain
Cost-benefit & Cost-effectiveness analysis Given the information below, answer the questions that follow.                        &nbs
Cost-benefit & Cost-effectiveness analysis Given the information below, answer the questions that follow.                                              Cost                       Effectiveness Current Treatment                $100,000                4 life-years gained New Treatment                     $250,000                10 life-years gained Calculate the ICER for the new treatment, assuming that the new treatment would replace the old one. Should the new treatment be adopted? Why? Given the above information, calculate the number of QALYs for the current and new treatment, assuming that the health-utility index is 0.8 for the current treatment and 0.4...
Cost effectiveness analysis and cost-benefit analysis are slightly different concepts. One way to describe this difference...
Cost effectiveness analysis and cost-benefit analysis are slightly different concepts. One way to describe this difference is captured in the following statement: A cost-benefit study tries to identify the best treatment, while a cost-effectiveness study determines which treatments are candidates to be the best treatment. Question 22 options: a) True b) False
give an example of a situation in which a cost-benefit analysis and an example of a...
give an example of a situation in which a cost-benefit analysis and an example of a situation in which a cost effectiveness analysis would be appropriate
researcher sought to investigate the link between suicide rates and assess to health care among states...
researcher sought to investigate the link between suicide rates and assess to health care among states in Usa.they examine suicide raye S reported by the cdc and correlate them with indices such as population density of psychiatrists, percentage uninsured, and state rate of federal aid for mental health. what type of study is this a. experimental b. cross-sectional C. cohort d. ecological E. case control
Which Statement is True? Finance Related Question A.)In cost benefit analysis, a benefit of the same...
Which Statement is True? Finance Related Question A.)In cost benefit analysis, a benefit of the same magnitude that comes farther in the future has a smaller present value B.)When a discount rate increases the present value of a future benefit also increases C.) Both Statements are false
Suppose you are using cost-benefit analysis to evaluate a policy aimed at limiting the use of...
Suppose you are using cost-benefit analysis to evaluate a policy aimed at limiting the use of a pesticide applied to grain crops. Give examples of the following that would have to be estimated to conduct this analysis properly.  You do not have to estimate any dollar values, just description: What are the risks? What are the associated costs? What are the associated benefits?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT