Economics of Health and Health Care Systems Comprehensive Exam - Flashcards

Given the health production function $HS = HS(\text{Health Care})$, calculate the <strong>Marginal Product</strong> if increasing health care inputs from $10$ to $11$ units results in a health status increase from $80$ to $84$ units.

Calculate the <strong>Incremental Cost-Effectiveness Ratio</strong> (ICER) for Treatment A (Cost: $50,000$, Effect: $5$ QALYs) compared to Treatment B (Cost: $20,000$, Effect: $2$ QALYs).

Identify the economic mechanism behind the <strong>'time cost' theory of obesity</strong> proposed by researchers like Cawley.