Economic Health Care and Education

This is a PPC curve in action. This one is representing the number of units of healthcare produced against the number of units of education produced with the expanded resources, labor and technology. Any point that lies on the curve itself shows a combination of the two products that maximizes output. Take point A on the diagram, at this point 13 units of healthcare and 12 units of education can be produced. Now take point B, here 11 units of healthcare can be produced but 16 units of education can now be made. So, the opportunity cost ...