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Production Possibilities Curve                          50                          40   Maternity                        ...
Production Possibilities Curve                          50                          40   Maternity                        ...
Production Possibilities Curve                          50                                   Bows out due to opportunity c...
Production Possibilities Curve                          50                                   Bows out due to opportunity c...
Production Possibilities Curve                          50                                   Bows out due to opportunity c...
Production Possibilities Curve                          50                                   Bows out due to opportunity c...
Production Possibilities Curve                          50                                   Bows out due to opportunity c...
Production Possibilities Curve                          50                                   Bows out due to opportunity c...
Production Possibilities Curve                          50                                   Bows out due to opportunity c...
Production Possibilities Curve                          50                                   Bows out due to opportunity c...
Production Possibilities Curve                          50                                   Bows out due to opportunity c...
Production Possibilities Curve                          50                                   Bows out due to opportunity c...
Production Possibilities Curve                          50                                   Bows out due to opportunity c...
Production Possibilities Curve                          50                                   Bows out due to opportunity c...
Production Possibilities Curve                          50                                   Bows out due to opportunity c...
Production Possibilities Curve                          50                                   Bows out due to opportunity c...
Production Possibilities Curve                          50                          40   Maternity                        ...
Production Possibilities Curve                          50                          40   Maternity                        ...
Production Possibilities Curve                          50                          40                                    ...
Production Possibilities Curve                          50                          40                                    ...
Health                             versus                          Medical CareMonday, February 11, 13
Medical Care                     does not guarantee                            HealthMonday, February 11, 13
Health and Age      Health                          0   10   20   30   40   50    60   70   80   90   100                 ...
Health and Age      Health                          0   10   20   30   40   50    60   70   80   90   100                 ...
Health and Age                              Improve Prenatal Care      Health                          0       10     20  ...
Health and Age                              Improve Prenatal Care      Health                          0       10     20  ...
Health and Age                              Improve Prenatal Care      Health                                             ...
Health and Age                              Improve Prenatal Care      Health                                             ...
Health and Medical Costs        Health                               Medical CostsMonday, February 11, 13
Health and Medical Costs                             Diminishing Marginal Utility        Health                           ...
Health and Medical Costs                             Diminishing Marginal Utility        Health                           ...
Health and Medical Costs                             Diminishing Marginal Utility        Health                           ...
Health and Medical Costs                             Diminishing Marginal Utility        Health                           ...
Health and Medical Costs                             Diminishing Marginal Utility        Health                           ...
Health and Medical Costs                             Diminishing Marginal Utility        Health                           ...
Health and Medical Costs                             Diminishing Marginal Utility        Health                Large      ...
Health and Medical Costs                             Diminishing Marginal Utility        Health                Large      ...
Health and Medical Costs                             Diminishing Marginal Utility        Health                Large      ...
Health and Medical Costs                             Diminishing Marginal Utility        Health                Large      ...
Health and Medical Costs                             Diminishing Marginal Utility        Health                Large      ...
Health and Medical Costs                             Diminishing Marginal Utility        Health                Small      ...
Health and Medical Costs                             Diminishing Marginal Utility        Health                Small      ...
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368 lecture 3

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368 lecture 3

  1. 1. Production Possibilities Curve 50 40 Maternity 30 Care 20 10 0 0 10 20 30 40 50 Geriatric CareMonday, February 11, 13
  2. 2. Production Possibilities Curve 50 40 Maternity 30 Care 20 10 0 0 10 20 30 40 50 Geriatric CareMonday, February 11, 13
  3. 3. Production Possibilities Curve 50 Bows out due to opportunity costs 40 Maternity 30 Care 20 10 0 0 10 20 30 40 50 Geriatric CareMonday, February 11, 13
  4. 4. Production Possibilities Curve 50 Bows out due to opportunity costs 40 Maternity 30 Care 20 10 0 0 10 20 30 40 50 Geriatric CareMonday, February 11, 13
  5. 5. Production Possibilities Curve 50 Bows out due to opportunity costs 40 Maternity 30 Care 20 10 0 0 10 20 30 40 50 Geriatric CareMonday, February 11, 13
  6. 6. Production Possibilities Curve 50 Bows out due to opportunity costs 40 Maternity 30 Care 20 10 0 0 10 20 30 40 50 Geriatric CareMonday, February 11, 13
  7. 7. Production Possibilities Curve 50 Bows out due to opportunity costs 40 Maternity 30 Care 20 10 Inefficient 0 0 10 20 30 40 50 Geriatric CareMonday, February 11, 13
  8. 8. Production Possibilities Curve 50 Bows out due to opportunity costs 40 Maternity 30 Care 20 10 Inefficient 0 0 10 20 30 40 50 Geriatric CareMonday, February 11, 13
  9. 9. Production Possibilities Curve 50 Bows out due to opportunity costs 40 Not possible with current Maternity resources 30 Care 20 10 Inefficient 0 0 10 20 30 40 50 Geriatric CareMonday, February 11, 13
  10. 10. Production Possibilities Curve 50 Bows out due to opportunity costs 40 Not possible with current Maternity resources 30 Care 20 10 Inefficient 0 0 10 20 30 40 50 Geriatric CareMonday, February 11, 13
  11. 11. Production Possibilities Curve 50 Bows out due to opportunity costs 40 Not possible with current Maternity resources 30 Care 20 10 Inefficient 0 0 10 20 30 40 50 Geriatric CareMonday, February 11, 13
  12. 12. Production Possibilities Curve 50 Bows out due to opportunity costs 40 Not possible with current Maternity resources 30 Care 20 10 Inefficient 0 0 10 20 30 40 50 Geriatric CareMonday, February 11, 13
  13. 13. Production Possibilities Curve 50 Bows out due to opportunity costs 40 Not possible with current Maternity resources 30 Care 20 10 Inefficient 0 0 10 20 30 40 50 Geriatric CareMonday, February 11, 13
  14. 14. Production Possibilities Curve 50 Bows out due to opportunity costs 40 Not possible with current Maternity resources 30 Care 20 10 Inefficient 0 0 10 20 30 40 50 Geriatric CareMonday, February 11, 13
  15. 15. Production Possibilities Curve 50 Bows out due to opportunity costs 40 Not possible with current Maternity resources 30 Care 20 10 Inefficient 0 0 10 20 30 40 50 Geriatric CareMonday, February 11, 13
  16. 16. Production Possibilities Curve 50 Bows out due to opportunity costs 40 Not possible with current Maternity resources 30 Care 20 10 Inefficient 0 0 10 20 30 40 50 Geriatric CareMonday, February 11, 13
  17. 17. Production Possibilities Curve 50 40 Maternity 30 Care 20 10 0 0 10 20 30 40 50 Geriatric CareMonday, February 11, 13
  18. 18. Production Possibilities Curve 50 40 Maternity 30 Care 20 10 0 0 10 20 30 40 50 Geriatric CareMonday, February 11, 13
  19. 19. Production Possibilities Curve 50 40 New innovation expands Maternity possibilities 30 Care 20 10 0 0 10 20 30 40 50 Geriatric CareMonday, February 11, 13
  20. 20. Production Possibilities Curve 50 40 New innovation expands Maternity possibilities 30 Care 20 10 0 0 10 20 30 40 50 Geriatric CareMonday, February 11, 13
  21. 21. Health versus Medical CareMonday, February 11, 13
  22. 22. Medical Care does not guarantee HealthMonday, February 11, 13
  23. 23. Health and Age Health 0 10 20 30 40 50 60 70 80 90 100 AgeMonday, February 11, 13
  24. 24. Health and Age Health 0 10 20 30 40 50 60 70 80 90 100 AgeMonday, February 11, 13
  25. 25. Health and Age Improve Prenatal Care Health 0 10 20 30 40 50 60 70 80 90 100 AgeMonday, February 11, 13
  26. 26. Health and Age Improve Prenatal Care Health 0 10 20 30 40 50 60 70 80 90 100 AgeMonday, February 11, 13
  27. 27. Health and Age Improve Prenatal Care Health Improve Maturing Care 0 10 20 30 40 50 60 70 80 90 100 AgeMonday, February 11, 13
  28. 28. Health and Age Improve Prenatal Care Health Improve Maturing Care 0 10 20 30 40 50 60 70 80 90 100 AgeMonday, February 11, 13
  29. 29. Health and Medical Costs Health Medical CostsMonday, February 11, 13
  30. 30. Health and Medical Costs Diminishing Marginal Utility Health Medical CostsMonday, February 11, 13
  31. 31. Health and Medical Costs Diminishing Marginal Utility Health Medical CostsMonday, February 11, 13
  32. 32. Health and Medical Costs Diminishing Marginal Utility Health Medical CostsMonday, February 11, 13
  33. 33. Health and Medical Costs Diminishing Marginal Utility Health Medical CostsMonday, February 11, 13
  34. 34. Health and Medical Costs Diminishing Marginal Utility Health Medical CostsMonday, February 11, 13
  35. 35. Health and Medical Costs Diminishing Marginal Utility Health Medical CostsMonday, February 11, 13
  36. 36. Health and Medical Costs Diminishing Marginal Utility Health Large Gain Medical CostsMonday, February 11, 13
  37. 37. Health and Medical Costs Diminishing Marginal Utility Health Large Gain Medical CostsMonday, February 11, 13
  38. 38. Health and Medical Costs Diminishing Marginal Utility Health Large Gain Medical CostsMonday, February 11, 13
  39. 39. Health and Medical Costs Diminishing Marginal Utility Health Large Spent the Gain same amount Medical CostsMonday, February 11, 13
  40. 40. Health and Medical Costs Diminishing Marginal Utility Health Large Spent the Gain same amount Medical CostsMonday, February 11, 13
  41. 41. Health and Medical Costs Diminishing Marginal Utility Health Small Gain Large Spent the Gain same amount Medical CostsMonday, February 11, 13
  42. 42. Health and Medical Costs Diminishing Marginal Utility Health Small Gain Large Spent the What gives Gain same most amount health? Medical CostsMonday, February 11, 13

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