Answer to Question #92177 in Microeconomics for arab

Question #92177
If drug cost $600 with its pain reduction unit of 30 units and its ICER of drug with doing nothing is 20. However, the patient wants to pay $10 per pain reduction unit. Will he buy the drug. Why, why not?
1
Expert's answer
2019-07-31T11:01:14-0400

Cost of drug = $600

pain reduction unit of 30 units

ICER of drug with doing nothing is 20

the patient wants to pay $10 per pain reduction unit

The patient will buy the drug because he will be able to get the drug at a lower cost of = 10 "\\times " 30= $300

He will buy at $300 less the original price.



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