At what point does more not equal better? This

is a question many economists struggle with,

but when the consumable good is years of life,

everyone turns into an amateur economist.

Refer to Figure 1 in The Pragmatist's Guide to

Comparative Effectiveness Research PDF

article and discuss your response to this

question. In your response, consider the

following questions:

Which point on the curve do you

advocate for and why?

.

What are the differences of the various

points on the curve?

Figure 1 Cost-Effectiveness and Comparative Efficiency in a Healthcare Production Function Figure 1: Cost-Effectiveness and Comparative Efficiency in a Health Care Production Function Survival/Quality of Life m B PF Factor Inputs Note: Figure 1 displays the association between factor inputs on the horizontal axis and survival/quality of life on the vertical axis. Point A falls far short of the production possibility frontier (labeled PF). Comparative effectiveness analysis can help the movement towards productive efficiency (point B), while cost-effectiveness analysis would identify the point at which productive and allocative efficiency is achieved (point C)