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Homework answers / question archive / 1) Switching from one anesthesia drug to another reduces costs by $100 per patient

1) Switching from one anesthesia drug to another reduces costs by $100 per patient

Economics

1) Switching from one anesthesia drug to another reduces costs by $100 per patient. What additional information do you need to do a cost-minimization analysis?

2) A vaccine costs $200 per patient. Administration of the vaccine to 1,000 people is expected to increase the number of pain-free days for this population from 360,000 to 362,000. Calculate the cost per additional pain-free day due to vaccination. Is this a good investment?

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