Let us assume that the incidence of a disease is two individuals per year. The direct costs per person per year, including the cost of the patient's time, are 5,000 m.u, annual morbidity costs are 4,000 m.u, and annual costs due to productivity losses are 10,000 m.u. All the previous monetary values refer to year 1. The life expectancy of a person who has contracted the illness is 4 years. Therefore, a person who contracts the liness at the beginning of this year (year 1) will survive until the end of year 4 and will die at the beginning of year 5. On the other hand, every year 8 individuals will have this liness and the annual mortality will be of 2 individuals (who caught the disease 4 years agol. Premature death due to the liness represents a loss of 5 life years per individual. The discount rate is 4% Estimate total direct costs in year 1 using the prevalence approach. Select one O a Total direct costs using the prevalence approach cannot be estimated with the information provided in this question. Ob. 40,000 mu Oc. 10,000 mu Od 20.000 mu

Let us assume that the incidence of a disease is two individuals per year. The direct costs per person per year, including the cost of the patient's time, are 5,000 m.u, annual morbidity costs are 4,000 m.u, and annual costs due to productivity losses are 10,000 m.u. All the previous monetary values refer to year 1. The life expectancy of a person who has contracted the illness is 4 years. Therefore, a person who contracts the liness at the beginning of this year (year 1) will survive until the end of year 4 and will die at the beginning of year 5. On the other hand, every year 8 individuals will have this liness and the annual mortality will be of 2 individuals (who caught the disease 4 years agol. Premature death due to the liness represents a loss of 5 life years per individual. The discount rate is 4% Estimate total direct costs in year 1 using the prevalence approach. Select one O a Total direct costs using the prevalence approach cannot be estimated with the information provided in this question. Ob. 40,000 mu Oc. 10,000 mu Od 20.000 mu

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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