368 lecture 3
DESCRIPTION
TRANSCRIPT
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MaternityCare
Geriatric Care
Production Possibilities Curve
Monday, February 11, 13
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MaternityCare
Geriatric Care
Production Possibilities Curve
Monday, February 11, 13
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MaternityCare
Geriatric Care
Production Possibilities Curve
Bows out due to opportunity costs
Monday, February 11, 13
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10
20
30
40
50
0 10 20 30 40 50
MaternityCare
Geriatric Care
Production Possibilities Curve
Bows out due to opportunity costs
Monday, February 11, 13
![Page 5: 368 lecture 3](https://reader034.vdocuments.us/reader034/viewer/2022052315/548209adb07959420c8b46b3/html5/thumbnails/5.jpg)
0
10
20
30
40
50
0 10 20 30 40 50
MaternityCare
Geriatric Care
Production Possibilities Curve
Bows out due to opportunity costs
Monday, February 11, 13
![Page 6: 368 lecture 3](https://reader034.vdocuments.us/reader034/viewer/2022052315/548209adb07959420c8b46b3/html5/thumbnails/6.jpg)
0
10
20
30
40
50
0 10 20 30 40 50
MaternityCare
Geriatric Care
Production Possibilities Curve
Bows out due to opportunity costs
Monday, February 11, 13
![Page 7: 368 lecture 3](https://reader034.vdocuments.us/reader034/viewer/2022052315/548209adb07959420c8b46b3/html5/thumbnails/7.jpg)
0
10
20
30
40
50
0 10 20 30 40 50
MaternityCare
Geriatric Care
Production Possibilities Curve
Bows out due to opportunity costs
Inefficient
Monday, February 11, 13
![Page 8: 368 lecture 3](https://reader034.vdocuments.us/reader034/viewer/2022052315/548209adb07959420c8b46b3/html5/thumbnails/8.jpg)
0
10
20
30
40
50
0 10 20 30 40 50
MaternityCare
Geriatric Care
Production Possibilities Curve
Bows out due to opportunity costs
Inefficient
Monday, February 11, 13
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0
10
20
30
40
50
0 10 20 30 40 50
MaternityCare
Geriatric Care
Production Possibilities Curve
Bows out due to opportunity costs
Inefficient
Not possiblewith currentresources
Monday, February 11, 13
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0
10
20
30
40
50
0 10 20 30 40 50
MaternityCare
Geriatric Care
Production Possibilities Curve
Bows out due to opportunity costs
Inefficient
Not possiblewith currentresources
Monday, February 11, 13
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0
10
20
30
40
50
0 10 20 30 40 50
MaternityCare
Geriatric Care
Production Possibilities Curve
Bows out due to opportunity costs
Inefficient
Not possiblewith currentresources
Monday, February 11, 13
![Page 12: 368 lecture 3](https://reader034.vdocuments.us/reader034/viewer/2022052315/548209adb07959420c8b46b3/html5/thumbnails/12.jpg)
0
10
20
30
40
50
0 10 20 30 40 50
MaternityCare
Geriatric Care
Production Possibilities Curve
Bows out due to opportunity costs
Inefficient
Not possiblewith currentresources
Monday, February 11, 13
![Page 13: 368 lecture 3](https://reader034.vdocuments.us/reader034/viewer/2022052315/548209adb07959420c8b46b3/html5/thumbnails/13.jpg)
0
10
20
30
40
50
0 10 20 30 40 50
MaternityCare
Geriatric Care
Production Possibilities Curve
Bows out due to opportunity costs
Inefficient
Not possiblewith currentresources
Monday, February 11, 13
![Page 14: 368 lecture 3](https://reader034.vdocuments.us/reader034/viewer/2022052315/548209adb07959420c8b46b3/html5/thumbnails/14.jpg)
0
10
20
30
40
50
0 10 20 30 40 50
MaternityCare
Geriatric Care
Production Possibilities Curve
Bows out due to opportunity costs
Inefficient
Not possiblewith currentresources
Monday, February 11, 13
![Page 15: 368 lecture 3](https://reader034.vdocuments.us/reader034/viewer/2022052315/548209adb07959420c8b46b3/html5/thumbnails/15.jpg)
0
10
20
30
40
50
0 10 20 30 40 50
MaternityCare
Geriatric Care
Production Possibilities Curve
Bows out due to opportunity costs
Inefficient
Not possiblewith currentresources
Monday, February 11, 13
![Page 16: 368 lecture 3](https://reader034.vdocuments.us/reader034/viewer/2022052315/548209adb07959420c8b46b3/html5/thumbnails/16.jpg)
0
10
20
30
40
50
0 10 20 30 40 50
MaternityCare
Geriatric Care
Production Possibilities Curve
Bows out due to opportunity costs
Inefficient
Not possiblewith currentresources
Monday, February 11, 13
![Page 17: 368 lecture 3](https://reader034.vdocuments.us/reader034/viewer/2022052315/548209adb07959420c8b46b3/html5/thumbnails/17.jpg)
0
10
20
30
40
50
0 10 20 30 40 50
MaternityCare
Geriatric Care
Production Possibilities Curve
Monday, February 11, 13
![Page 18: 368 lecture 3](https://reader034.vdocuments.us/reader034/viewer/2022052315/548209adb07959420c8b46b3/html5/thumbnails/18.jpg)
0
10
20
30
40
50
0 10 20 30 40 50
MaternityCare
Geriatric Care
Production Possibilities Curve
Monday, February 11, 13
![Page 19: 368 lecture 3](https://reader034.vdocuments.us/reader034/viewer/2022052315/548209adb07959420c8b46b3/html5/thumbnails/19.jpg)
0
10
20
30
40
50
0 10 20 30 40 50
MaternityCare
Geriatric Care
Production Possibilities Curve
New innovationexpands
possibilities
Monday, February 11, 13
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0
10
20
30
40
50
0 10 20 30 40 50
MaternityCare
Geriatric Care
Production Possibilities Curve
New innovationexpands
possibilities
Monday, February 11, 13
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Health
versus
Medical Care
Monday, February 11, 13
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Medical Care
does not guarantee
Health
Monday, February 11, 13
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0 10 20 30 40 50 60 70 80 90 100
Health
Age
Health and Age
Monday, February 11, 13
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0 10 20 30 40 50 60 70 80 90 100
Health
Age
Health and Age
Monday, February 11, 13
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0 10 20 30 40 50 60 70 80 90 100
Health
Age
Improve Prenatal Care
Health and Age
Monday, February 11, 13
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0 10 20 30 40 50 60 70 80 90 100
Health
Age
Improve Prenatal Care
Health and Age
Monday, February 11, 13
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0 10 20 30 40 50 60 70 80 90 100
Health
Age
Improve Prenatal Care
Improve Maturing Care
Health and Age
Monday, February 11, 13
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0 10 20 30 40 50 60 70 80 90 100
Health
Age
Improve Prenatal Care
Improve Maturing Care
Health and Age
Monday, February 11, 13
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Health
Medical Costs
Health and Medical Costs
Monday, February 11, 13
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Health
Medical Costs
Diminishing Marginal UtilityHealth and Medical Costs
Monday, February 11, 13
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Health
Medical Costs
Diminishing Marginal UtilityHealth and Medical Costs
Monday, February 11, 13
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Health
Medical Costs
Diminishing Marginal UtilityHealth and Medical Costs
Monday, February 11, 13
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Health
Medical Costs
Diminishing Marginal UtilityHealth and Medical Costs
Monday, February 11, 13
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Health
Medical Costs
Diminishing Marginal UtilityHealth and Medical Costs
Monday, February 11, 13
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Health
Medical Costs
Diminishing Marginal UtilityHealth and Medical Costs
Monday, February 11, 13
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Health
Medical Costs
LargeGain
Diminishing Marginal UtilityHealth and Medical Costs
Monday, February 11, 13
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Health
Medical Costs
LargeGain
Diminishing Marginal UtilityHealth and Medical Costs
Monday, February 11, 13
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Health
Medical Costs
LargeGain
Diminishing Marginal UtilityHealth and Medical Costs
Monday, February 11, 13
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Health
Medical Costs
LargeGain
Diminishing Marginal UtilityHealth and Medical Costs
Spent the same
amount
Monday, February 11, 13
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Health
Medical Costs
LargeGain
Diminishing Marginal UtilityHealth and Medical Costs
Spent the same
amount
Monday, February 11, 13
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Health
Medical Costs
LargeGain
Diminishing Marginal UtilityHealth and Medical Costs
SmallGain
Spent the same
amount
Monday, February 11, 13
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Health
Medical Costs
LargeGain
Diminishing Marginal UtilityHealth and Medical Costs
SmallGain
What givesmost
health?
Spent the same
amount
Monday, February 11, 13