Production and Cost Theory of Health

Institution College
Course HEALTH MANAGEMENT
Year 1st Year
Semester Unknown
Posted By Mwalimu Evans Okoyo.
File Type pdf
Pages 37 Pages
File Size 3.84 MB
Views 820
Downloads 0
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Description

The document discusses the production of medical care and production costs. It outlines that it will discuss the production of health, the application of the law of diminishing returns to health care institutions, and the application of the law of diminishing marginal utility to patients. It then provides graphical representations of total product, marginal product, average product, and their relationships for a hospital production function. It also examines determinants of short-run costs and discusses cost minimizing solutions through substitution between inputs like physicians, nurses, and beds.
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