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0 10 20 30 40 50 0 10 20 30 40 50 Maternity Care Geriatric Care Production Possibilities Curve Monday, February 11, 13

368 lecture 3

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Page 1: 368 lecture 3

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MaternityCare

Geriatric Care

Production Possibilities Curve

Monday, February 11, 13

Page 2: 368 lecture 3

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MaternityCare

Geriatric Care

Production Possibilities Curve

Monday, February 11, 13

Page 3: 368 lecture 3

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0 10 20 30 40 50

MaternityCare

Geriatric Care

Production Possibilities Curve

Bows out due to opportunity costs

Monday, February 11, 13

Page 4: 368 lecture 3

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MaternityCare

Geriatric Care

Production Possibilities Curve

Bows out due to opportunity costs

Monday, February 11, 13

Page 5: 368 lecture 3

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MaternityCare

Geriatric Care

Production Possibilities Curve

Bows out due to opportunity costs

Monday, February 11, 13

Page 6: 368 lecture 3

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MaternityCare

Geriatric Care

Production Possibilities Curve

Bows out due to opportunity costs

Monday, February 11, 13

Page 7: 368 lecture 3

0

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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

0

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0 10 20 30 40 50

MaternityCare

Geriatric Care

Production Possibilities Curve

Bows out due to opportunity costs

Inefficient

Monday, February 11, 13

Page 9: 368 lecture 3

0

10

20

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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 10: 368 lecture 3

0

10

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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 11: 368 lecture 3

0

10

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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

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

0

10

20

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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

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

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

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

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40

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0 10 20 30 40 50

MaternityCare

Geriatric Care

Production Possibilities Curve

Monday, February 11, 13

Page 18: 368 lecture 3

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MaternityCare

Geriatric Care

Production Possibilities Curve

Monday, February 11, 13

Page 19: 368 lecture 3

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MaternityCare

Geriatric Care

Production Possibilities Curve

New innovationexpands

possibilities

Monday, February 11, 13

Page 20: 368 lecture 3

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MaternityCare

Geriatric Care

Production Possibilities Curve

New innovationexpands

possibilities

Monday, February 11, 13

Page 21: 368 lecture 3

Health

versus

Medical Care

Monday, February 11, 13

Page 22: 368 lecture 3

Medical Care

does not guarantee

Health

Monday, February 11, 13

Page 23: 368 lecture 3

0 10 20 30 40 50 60 70 80 90 100

Health

Age

Health and Age

Monday, February 11, 13

Page 24: 368 lecture 3

0 10 20 30 40 50 60 70 80 90 100

Health

Age

Health and Age

Monday, February 11, 13

Page 25: 368 lecture 3

0 10 20 30 40 50 60 70 80 90 100

Health

Age

Improve Prenatal Care

Health and Age

Monday, February 11, 13

Page 26: 368 lecture 3

0 10 20 30 40 50 60 70 80 90 100

Health

Age

Improve Prenatal Care

Health and Age

Monday, February 11, 13

Page 27: 368 lecture 3

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

Page 28: 368 lecture 3

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

Page 29: 368 lecture 3

Health

Medical Costs

Health and Medical Costs

Monday, February 11, 13

Page 30: 368 lecture 3

Health

Medical Costs

Diminishing Marginal UtilityHealth and Medical Costs

Monday, February 11, 13

Page 31: 368 lecture 3

Health

Medical Costs

Diminishing Marginal UtilityHealth and Medical Costs

Monday, February 11, 13

Page 32: 368 lecture 3

Health

Medical Costs

Diminishing Marginal UtilityHealth and Medical Costs

Monday, February 11, 13

Page 33: 368 lecture 3

Health

Medical Costs

Diminishing Marginal UtilityHealth and Medical Costs

Monday, February 11, 13

Page 34: 368 lecture 3

Health

Medical Costs

Diminishing Marginal UtilityHealth and Medical Costs

Monday, February 11, 13

Page 35: 368 lecture 3

Health

Medical Costs

Diminishing Marginal UtilityHealth and Medical Costs

Monday, February 11, 13

Page 36: 368 lecture 3

Health

Medical Costs

LargeGain

Diminishing Marginal UtilityHealth and Medical Costs

Monday, February 11, 13

Page 37: 368 lecture 3

Health

Medical Costs

LargeGain

Diminishing Marginal UtilityHealth and Medical Costs

Monday, February 11, 13

Page 38: 368 lecture 3

Health

Medical Costs

LargeGain

Diminishing Marginal UtilityHealth and Medical Costs

Monday, February 11, 13

Page 39: 368 lecture 3

Health

Medical Costs

LargeGain

Diminishing Marginal UtilityHealth and Medical Costs

Spent the same

amount

Monday, February 11, 13

Page 40: 368 lecture 3

Health

Medical Costs

LargeGain

Diminishing Marginal UtilityHealth and Medical Costs

Spent the same

amount

Monday, February 11, 13

Page 41: 368 lecture 3

Health

Medical Costs

LargeGain

Diminishing Marginal UtilityHealth and Medical Costs

SmallGain

Spent the same

amount

Monday, February 11, 13

Page 42: 368 lecture 3

Health

Medical Costs

LargeGain

Diminishing Marginal UtilityHealth and Medical Costs

SmallGain

What givesmost

health?

Spent the same

amount

Monday, February 11, 13