Question

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

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Cost effectiveness analysis calculates the financial cost of reaching specific output level and compare with one or more alternatives. but Cost benefit analysis Compare all benefits to all costs

Hence your answer is False because cost benefit analysis compare all the benefits to all the costs so it determines which treatments are candidates to be best treatment . and cost effectiveness analysis only calculates the direct financial cost for a particular output level.

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.
In 1992, the Bush administration wanted to change the way benefit/cost analysis of regulations are performed....
In 1992, the Bush administration wanted to change the way benefit/cost analysis of regulations are performed. Specifically, when computing the cost of a regulation, the administration wanted agencies to take into account the reduction in income that the regulation brings about. The theory behind this suggested change was that regulations cost people money, and the poorer people become, the more likely they are to get ill or die early. One study cited by the Labor Department estimated that each $7.5...
CASE STUDY HIGHWAY LIGHTING OPTIONS TO REDUCE TRAFFIC ACCIDENTS Background This case study compares benefit/cost analysis...
CASE STUDY HIGHWAY LIGHTING OPTIONS TO REDUCE TRAFFIC ACCIDENTS Background This case study compares benefit/cost analysis and cost-effectiveness analysis on the same information about highway lighting and its role in accident reduction. Poor highway lighting may be one reason that proportionately more traffic accidents occur at night. Traffic accidents are categorized into six types by severity and value. For example, an accident with a fatality is valued at approximately $4 million, while an accident in which there is property damage...
1. Concepts used in cash flow estimation and risk analysis You can come across different situations...
1. Concepts used in cash flow estimation and risk analysis You can come across different situations in your life where the concepts from capital budgeting will help you in evaluating the situation and making calculated decisions. Consider the following situation: The following table contains five definitions or concepts. Identify the term that best corresponds to the concept or definition given. Concept or Definition Term An example of externality that can have a negative effect on a firm Cannibalization/corporate risk/ Exchange...
Q1.Researchers were interested in determining the relative effectiveness of two different brands of eye drops in...
Q1.Researchers were interested in determining the relative effectiveness of two different brands of eye drops in alleviating the symptoms of 'dry eye syndrome'. Forty subjects, who suffered from 'dry eye syndrome', were randomly assigned to receive either brand A or brand B of the eye-drops - 20 subjects to each brand. The eyedrops were administered to each subject and the time until symptoms returned was recorded for each subject. Based on the information provided, which of the following statement/s is...
1. When should the government intervene in society? Once we have chosen the path of intervention...
1. When should the government intervene in society? Once we have chosen the path of intervention what options/factors need to be considered? How have opinions evolved over time? How might interventions differ between various levels of government (local/state/federal)? 2. People often call America the “Land of the Free”. Describe, with the theoretical tools we have discussed, how our market-based system contributes to that moniker. People have also contended that America is a country where some are systematically disadvantaged. Why might...
Total utility can be objectively measured in numbers that indicate usefulness or benefit to the consumer....
Total utility can be objectively measured in numbers that indicate usefulness or benefit to the consumer. ____ 2. Consumers should purchase quantities of a good to the point where MU > P. ____ 3. Voluntary exchange requires that there must be mutual gain. ____ 4. Points along a budget line represent the maximum combinations of two commodities that a consumer can afford. ____ 5. The budget line represents a consumer's preferences for a commodity. ____ 6. A change in consumer...
In this second portion of the Final Exam, you will critically evaluate a quantitative research study...
In this second portion of the Final Exam, you will critically evaluate a quantitative research study on a social science topic. Your instructor will post an announcement with the reference for the article assigned for the exam. The study will be from a peer-reviewed journal and published within the last 10 years. In the body of your critique, describe the statistical approaches used, the variables included, the hypothesis(es) proposed, and the interpretation of the results. In your conclusion, suggest other...
Analysis: This section should include the issue register as a bare minimum, but may include also...
Analysis: This section should include the issue register as a bare minimum, but may include also why-why diagrams, a Pareto chart, a waste table and/or value-added analysis table. Flow analysis or simulation of this case study might be possible but might require making a lot of assumptions given the provided data. The first part of the project: Introduction    Walmart has continued to retain the top position on the Fortune 500 list for a consecutive fifth year. The brand has...
________ client-centered therapy centers on the patient's goals and ways of solving problems. Select one: a....
________ client-centered therapy centers on the patient's goals and ways of solving problems. Select one: a. Rogers' b. Freud's c. Beck d. Ellis Question 2 Not yet answered Points out of 1.00 Flag question Question text A frequently prescribed drug therapy for managing one's depression is ____________. Select one: a. Adderall b. Lithium c. Prozac d. Thorazine Question 3 Not yet answered Points out of 1.00 Flag question Question text A major goal of modern inpatient psychiatric treatment is: Select...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT