Article Review and Critique Analysis

Order Summary

Type of assignment:Review (book review, movie review)

Academic level:University Level, Bachelor’s

Referencing style:APA

Number of sources:1

Subject:Economics

Client country:United States (US English)

Assignment extract:
Hi,
Please read the article and complete summary and critique evaluation.
The main purpose of this paper has been to construct a model of the
demand for the commodity “good health.” The central proposition of the
model is that health can be viewed as a durable capital stock that produces an output of healthy time. A person determines his optimal stock
of health capital at any age by equating the marginal efficiency of this
capital to its user cost in terms of the price of gross investment. Graphically, each person has a negatively inclined demand curve for health
“!’The terms 91 and TH are equal because, by the definition of factor neutrality, E
has no effect on the ratio of the marginal product of $1 to the marginal product of TH
CONCEPT OF HEALTH CAPITAL 247
capital

Answer preview:

Word: 300