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$10.00 Microeconomics

  • From Economics: General-Economics
  • Closed, but you can still post tutorials
  • Due on Jan. 11, 2012
  • Asked on Jan 10, 2012 at 6:32:24PM
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Q:

Health economists use demand theory to discuss how the quantity of services is affected by price.

400-600 words

discuss the following

  • As prices increase, should health economists advocate giving something up?
  • As the quantity of health services provided goes up, does the benefit of each additional unit of service become smaller?
  • Discuss the issue of health care in the context of the following microeconomic concepts:
    • Marginal analysis
    • Trade-offs
    • Opportunity costs
    • Normative versus positive economics
  • Should this decision be made in a centrally planned economy or a market economy? 
  • Is health care a macroeconomic or microeconomic issue?
  • How would this affect production efficiency?