CASE STUDY 27.4 IT REALLY IS TRUE ABOUT ASPIRIN

question 29

Multiple Choice

CASE STUDY 27.4
IT REALLY IS TRUE ABOUT ASPIRIN
For Questions , use the following narrative
Narrative: Case study 27.4 summary
This study was a meta-analysis of clinical trials in which aspirin was used to prevent blood clots.The meta-analysis (covering both aspirin and more expensive anti-platelet drugs) combined the results of 300 trials involving 140,000 patients.Its recommendation: a regime of half a tablet of aspirin a day is valuable for all victims of heart attack and stroke, and other at-risk patients such as angina sufferers and recipients of coronary bypass grafts.The lead researcher was quoted as saying "This is one of the most cost-effective drug interventions one could have in developed countries."

-{Case study 27.4 narrative} Some of the methodologically suspicious studies lacked double-blinding.What effect can this have on the results of a study?

• A)The results will likely be biased.
• B)The results won't be shown to the public.
• C)The margin of error for the statistics calculated will be increased.
• D)All of the above.

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Definitions:

Profit-maximizing Price

The price level at which a firm can maximize its profit, calculated where marginal cost equals marginal revenue.

Elasticity of Demand

The measure of how much the quantity demanded of a good or service changes in response to a change in its price.

Marginal Cost

The increase in total cost that arises from producing one additional unit of a product or service.

Profit-maximizing Price

The selling price that allows a firm to earn the highest possible profit given its cost structure and market demand.