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Health status is maximized when the: a
Health status is maximized when the:
a. marginal products of health care inputs are maximized.
b. average products of health care inputs are maximized.
c. marginal products equal the average products.
d. marginal products of health care inputs equal 0.
Expert Solution
- The correct option is (d). Marginal products of health care inputs equal 0.
There are two in which the health status is maximized wherein the one way is maximized the marginal benefits and the second way is to minimize the marginal cost. Henceforth, in this case, the maximization occurs when the marginal products of health care inputs become zero as at this level the additional cost of inputs is minimized.
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