Steps in performing a cost-effectiveness analysis include all of these EXCEPT
a. ranking the alternative treatment options
b. prioritizing the alternative treatment options
c. calculating the ICER between each treatment option and the next most expensive one
d. eliminate treatment alternatives that are strictly dominated
B
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The taxicab fare in Newville is regulated. The fare currently charged is $6 a ride. Newville taxicab drivers want to obtain government's permission to lower the fare, which they think will increase their total revenue
From this we can conclude that the drivers believe that the demand for taxicab rides is A) elastic. B) inelastic. C) unit elastic. D) perfectly inelastic.
Which of the following tax structures creates a disincentive to earn more?
a. Proportional tax structure b. Regressive tax structure c. Digressive tax structure d. Progressive tax structure e. A combination of proportional and regressive tax structure