Chapter 7 - Assignment 1: Public Policy and the Emergency Department
Read Robert M. Williams' article on "Public Policy and the Emergency Department" (originally published in the Annals of Emergency Medicine (October, 1992)).
- Under the "maximalist" approach, what is the marginal utility received from the last unit of medical services consumed?
- Will the marginal utility of the last unit of medical services consumed be higher or lower under the "optimalist" approach than that received under the "maximalist" approach? Explain.
- Which approach is most consistent with the concept of consumer equilibrium?
- Is it reasonable to assume that the marginal utility associated with additional medical treatment declines as the level of treatment increases? Explain.
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