If a person has a medical condition that has a quality of life index of 0.75, and the condition persisted for two years, then the individual would experience: a. 0.25 QALYs b. 1.50 c 0.50 d 0.75
If a person has a medical condition that has a quality of life index of 0.75, and the condition persisted for two years, then the individual would experience: a. 0.25 QALYs b. 1.50 c 0.50 d 0.75
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter20: The Problem Of Adverse Selection Moral Hazard
Section: Chapter Questions
Problem 3MC
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Question
If a person has a medical condition that has a quality of life index of 0.75, and the condition persisted for two years, then the individual would experience:
a. 0.25 QALYs
b. 1.50
c 0.50
d 0.75
Expert Solution
Step 1
Quality-adjusted life-year (QALY) is the measurement of disease burden on an individual including quality and quantity of life lived.
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