Question

Given: Treatment E: Cost = $5,000, benefit = survival rate of 60% Treatment F: Cost =...

Given:

Treatment E: Cost = $5,000, benefit = survival rate of 60%

Treatment F: Cost = $7,000, benefit = survival rate of 50%

Treatment G: Cost = $4,000, benefit = survival rate of 40%

Treatment H: Cost =$5,000, benefit = survival rate of 30%

Treatment K: Cost =$3,000, benefit = survival rate of 55%

Treatment J: Cost = $6,000, benefit = survival rate of 68%

1

Which one is true?

no treatment is marginally dominated

Treatment K is marginally dominated

Treatment E is marginally dominated

Treatment J is marginally dominated

none of the above

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Homework Answers

Answer #1

Here following are the observations from the information given :

1.H do not dominate E because E has a better survival rate.

2.H do not dominate F because F has a better survival rate.

3.H do not dominate G because G has a better survival rate and a lower cost. In fact, G dominates H.

4.H do not dominate K because K has a better survival rate and a lower cost. In fact, K dominates H.

5.H do not dominate J because J has a better survival rate.

Correct answer - "none of the above"

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