A course of chemotherapy costs $8000. If give to patient a, it will increase life expectancy...

A course of chemotherapy costs $8000. If give to patient a, it will increase life expectancy by two months; for patient B, by six months, for patient C, by one month; for patient D, by five months; and for patient E, by four months What is the marginal cost per additional year of life for the patient most likely to benefit? What is the marginal cost per additional year of life for the patient least likely to benefit? Draw the total and marginal benefit curves (label the Y axis “Years of life gained” and the X axis “number of patients treated”). If all five patients are treated in alphabetical order, which one determines the marginal cost per year of life gained, patient A, patient E, or some other patient?

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Rahul Sunny answered 6 months ago

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A course of chemotherapy costs $8000. If give to patient a, it will increase life expectancy...

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