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

Economics Nov 21, 2020

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?