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April 16, 2014

Homework Help: economics

Posted by jamma on Friday, September 21, 2012 at 11:37am.

Suppose the president is attempting to decide whether the federal gov should spend more research to find a cure for heart disease.

How should policy makers determine the amount of money that should be allocated for research curing heart disease? they should base their decision on.
a) the value of the total benefit of research on curing other diseases
b) whether the last dollar devoted to research on heart disease results in more benefit than the last dollar spent on research for curing other diseases.
d) the value of the total benefit of the research on heart disease
e)the number of people who die from heart disease compared to the number of people who die from other diseases

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