368 lecture 3

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Transcript of 368 lecture 3

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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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40

50

0 10 20 30 40 50

MaternityCare

Geriatric Care

Production Possibilities Curve

Bows out due to opportunity costs

Monday, February 11, 13

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30

40

50

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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

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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

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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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

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

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

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

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

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

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

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

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

0

10

20

30

40

50

0 10 20 30 40 50

MaternityCare

Geriatric Care

Production Possibilities Curve

Monday, February 11, 13

0

10

20

30

40

50

0 10 20 30 40 50

MaternityCare

Geriatric Care

Production Possibilities Curve

Monday, February 11, 13

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10

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40

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MaternityCare

Geriatric Care

Production Possibilities Curve

New innovationexpands

possibilities

Monday, February 11, 13

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20

30

40

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MaternityCare

Geriatric Care

Production Possibilities Curve

New innovationexpands

possibilities

Monday, February 11, 13

Health

versus

Medical Care

Monday, February 11, 13

Medical Care

does not guarantee

Health

Monday, February 11, 13

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Health

Age

Health and Age

Monday, February 11, 13

0 10 20 30 40 50 60 70 80 90 100

Health

Age

Health and Age

Monday, February 11, 13

0 10 20 30 40 50 60 70 80 90 100

Health

Age

Improve Prenatal Care

Health and Age

Monday, February 11, 13

0 10 20 30 40 50 60 70 80 90 100

Health

Age

Improve Prenatal Care

Health and Age

Monday, February 11, 13

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

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

Health

Medical Costs

Health and Medical Costs

Monday, February 11, 13

Health

Medical Costs

Diminishing Marginal UtilityHealth and Medical Costs

Monday, February 11, 13

Health

Medical Costs

Diminishing Marginal UtilityHealth and Medical Costs

Monday, February 11, 13

Health

Medical Costs

Diminishing Marginal UtilityHealth and Medical Costs

Monday, February 11, 13

Health

Medical Costs

Diminishing Marginal UtilityHealth and Medical Costs

Monday, February 11, 13

Health

Medical Costs

Diminishing Marginal UtilityHealth and Medical Costs

Monday, February 11, 13

Health

Medical Costs

Diminishing Marginal UtilityHealth and Medical Costs

Monday, February 11, 13

Health

Medical Costs

LargeGain

Diminishing Marginal UtilityHealth and Medical Costs

Monday, February 11, 13

Health

Medical Costs

LargeGain

Diminishing Marginal UtilityHealth and Medical Costs

Monday, February 11, 13

Health

Medical Costs

LargeGain

Diminishing Marginal UtilityHealth and Medical Costs

Monday, February 11, 13

Health

Medical Costs

LargeGain

Diminishing Marginal UtilityHealth and Medical Costs

Spent the same

amount

Monday, February 11, 13

Health

Medical Costs

LargeGain

Diminishing Marginal UtilityHealth and Medical Costs

Spent the same

amount

Monday, February 11, 13

Health

Medical Costs

LargeGain

Diminishing Marginal UtilityHealth and Medical Costs

SmallGain

Spent the same

amount

Monday, February 11, 13

Health

Medical Costs

LargeGain

Diminishing Marginal UtilityHealth and Medical Costs

SmallGain

What givesmost

health?

Spent the same

amount

Monday, February 11, 13