Public Policy (Note: Refer To Review Question 8 Located At The

PAD 520 Assignment 3: Prescribing PoliciesNamePAD 520– Policy Analysis and Program EvaluationTutor’s Name07/12/20161. Determine the following before deciding a prescription: (a) Maximize effectiveness at the least cost With this type of problem there is both variability of cost and effectiveness. The goal is to achieve the most effectiveness at the least cost budget. The type of problem which involves variable costs and variable effectiveness is a type III problem. Type III problems call for a variable-cost-variable-effectiveness evaluation.(b) Maximize effectiveness at a fixed cost of $10,000This type of problem has variability of effectiveness and a fixed budget. The maximum allowable budgetary expenditure is fixed and therefore effectiveness is to be maximized within this limit. This is type I problem whose answer is in maximizing effectiveness within the existing resource limitation. (c) Achieve a fixed-effectiveness level of 6,000 units of service at a fixed cost of $20,000This type of problem has fixed levels of effectiveness and a fixed budget. This is a type IV problem and calls for equating effectiveness to resources. The problem should be approached with a fixed cost and fixed effectiveness analysis.(d) Maximize net benefits,