Discuss the issue of health care in the context of the

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write 400-600 words that respond to the following questions. Be substantive and clear, and use examples to reinforce your ideas: Original work only with in text citations and references. Health economists use demand theory to discuss how the quantity of services is affected by price. Discuss the following: Please answer each bulletin in paragraphs. Must be orginial use intext citation and list references. Paragraph #1-

•As prices increase, should health economists advocate giving something up (opportunity costs/trade-offs)? Paragraph #2-

•As the quantity of health services provided goes up, does the benefit of each additional unit of service become smaller (marginal analysis)? Paragraph #3-

•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? Paragraph #4-

•Is health care a macroeconomic or microeconomic issue? Paragraph #5-

•How would this affect production efficiency?

Reference no: EM13245790

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