8. Consider the production of health as as function of two inputs, medicine as self care....

 

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8. Consider the production of health as as function of two inputs, medicine as self care. Suppose that a new medicine product (may be a new vaccine, or a better treatment) increases the marginal product of medicine, leaving intact the marginal product of self care, for a fixed bundle of medicine and self care. Illustrate the implications in a map of isoquants. 8. Consider the production of health as as function of two inputs, medicine as self care. Suppose that a new medicine product (may be a new vaccine, or a better treatment) increases the marginal product of medicine, leaving intact the marginal product of self care, for a fixed bundle of medicine and self care. Illustrate the implications in a map of isoquants.

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