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 Care
Monday, February 11, 13
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 Care
Monday, February 11, 13
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 Care
Monday, February 11, 13
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 Care
Monday, February 11, 13
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 Care
Monday, February 11, 13
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 Care
Monday, February 11, 13
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 Care
Monday, February 11, 13
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 Care
Monday, February 11, 13
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 Care
Monday, February 11, 13
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 Care
Monday, February 11, 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 Care
Monday, February 11, 13
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 Care
Monday, February 11, 13
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 Care
Monday, February 11, 13
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 Care
Monday, February 11, 13
30. Health and Medical Costs
Diminishing Marginal Utility
Health
Medical Costs
Monday, February 11, 13
31. Health and Medical Costs
Diminishing Marginal Utility
Health
Medical Costs
Monday, February 11, 13
32. Health and Medical Costs
Diminishing Marginal Utility
Health
Medical Costs
Monday, February 11, 13
33. Health and Medical Costs
Diminishing Marginal Utility
Health
Medical Costs
Monday, February 11, 13
34. Health and Medical Costs
Diminishing Marginal Utility
Health
Medical Costs
Monday, February 11, 13
35. Health and Medical Costs
Diminishing Marginal Utility
Health
Medical Costs
Monday, February 11, 13
36. Health and Medical Costs
Diminishing Marginal Utility
Health
Large
Gain
Medical Costs
Monday, February 11, 13
37. Health and Medical Costs
Diminishing Marginal Utility
Health
Large
Gain
Medical Costs
Monday, February 11, 13
38. Health and Medical Costs
Diminishing Marginal Utility
Health
Large
Gain
Medical Costs
Monday, February 11, 13
39. Health and Medical Costs
Diminishing Marginal Utility
Health
Large Spent the
Gain
same
amount
Medical Costs
Monday, February 11, 13
40. Health and Medical Costs
Diminishing Marginal Utility
Health
Large Spent the
Gain
same
amount
Medical Costs
Monday, February 11, 13
41. Health and Medical Costs
Diminishing Marginal Utility
Health
Small
Gain
Large Spent the
Gain
same
amount
Medical Costs
Monday, February 11, 13
42. Health and Medical Costs
Diminishing Marginal Utility
Health
Small
Gain
Large Spent the What gives
Gain
same most
amount health?
Medical Costs
Monday, February 11, 13