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Question:
At what point does more not equal better? This is a question many economists struggle with, but when the consumable good is years of life, everyone turns into an amateur economist. Refer to Figure 1 in The Pragmatist''s Guide to Comparative Effectiveness Research article and discuss your response to this question. In your response, consider the following questions:
Which point on the curve do you advocate for and why?
What are the differences of the various points on the curve?
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The work is to understand at what point does more not equal better. This is a question many economists struggle with, but when the consumable good is years of life, everyone turns into an amateur economist. Referring to Figure 1 in The Pragmatist''s Guide to Comparative Effectiveness Research article, this work has discussed the responses to this question. It would be better if the investment could be balanced and some of the required investments could be transferred towards the consumer benefits. For this, studies are being carried out for costs and effectiveness of new technologies to deal with this.
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