What impact does insurance or having more beneficial, Business Economics

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What impact does insurance or having more beneficial

Part A-What impact does insurance (or having more beneficial insurance) have on a Cost effectiveness Frontier?

a. nothing

b. shifts the frontier to the right

c. shifts the frontier to the left

d. cannot be determined

Part B- On a Cost Effectiveness Frontier graph, Treatment M is above Treatment N so connecting treatment M to treatment N is a downward-sloping line. What can we conclude?

a. Treatment M dominates Treatment N: obvious domination

b. Treatment N dominates Treatment M: obvious domination

c. Treatment M dominates Treatment N: only marginal domination

d. Neither treatment is dominated by the other

e. none of the above

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