timer Asked: Nov 25th, 2013
account_balance_wallet $80

Question description

Assignment 3: Prescribing Policies
Due Week 7 and worth 170 points


  • Review Chapters 1 and 5. 
  • Read Review Question 8.
  • Review Figure 5.2 Cost-effectiveness comparisons using four (4) criteria of adequacy.
  • Review Case 1.1: Saving Lives and Saving Time
  • Read Case 5.1: Opportunity Costs of Saving Lives  ̶  The 55 mph Speed Limit.
  • Read the Demonstration Exercise. 
  • Explore transportation policies of at least three (3) states. (Note: Websites such as: U.S. Department of Transportation, located at http://www.dot.gov/, various states’ department of Transportation, or the U.S. Environmental Protection Agency, located at http://www.epa.gov/.
Write five to six (5-6) page paper in which you:

(Note: Refer to Review Question 8 located at the end of Chapter 5 for criteria 1-3.)
1. Determine the following before deciding a prescription: (a) maximize effectiveness at the least cost; (b) maximize effectiveness at a fixed cost of $10,000; (c) achieve a fixed-effectiveness level of 6,000 units of service at a fixed cost of $20,000; (d) maximize net benefits, assuming that each unit of service has a market price of $10; (e) maximize the ration of benefits to costs, assuming that each unit of service has a market price of $10. 
2. Determine which of the two main programs (Program I and Program II) should be selected under each of these criteria. Justify your position.
3. Describe the conditions under which each criterion may be an adequate measure of the achievement of objectives.

Tutor Answer

University of Maryland

flag Report DMCA

Excellent job

Similar Questions
Hot Questions
Related Tags

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors