Explain the relationship between health stock and utility, as an individual ages. How does the law of diminishing marginal utility come in to play?

Consider the effect of medical care on health. With each unit of medical care, what happens to overall health and the marginal product? Use the example of exercise and health. 3) What happens to the total Product Curve when the Food and Drug administration approves a new medical technology? Disease/health complications? With Lifestyle determinants of health? Physical Environment? Income? Education? 4) Use Donabedian’s model of medical care quality to explain how health care can be measured at one of the hospitals or health care organizations in the area (West Florida, Sacred Heart, etc)? Bonus points (3 points): Use Grossman’s theory of the production of health – appendix in chapter 2 – to explain the impact of determinants of health on health stock? Part 2: Globalization and the Healthcare Workforce: For this assignment, you are to read the Experiential Exercise on pp. 66-67 in your textbook. After reading this case, you need to answer the following questions and post them to TD3 (minimum 300 words): A. Who are your stakeholders and from whom will you seek perspectives? Describe at least two stakeholders and list what questions you will ask each of them? B. Which issue – explosive growth of programs, declining quality, training of physicians to be nurses – will you address first? How will you engage the labor and health departments to implement your recommendations successfully. C. What obstacles do you expect to face in this process? What strategies will you use to overcome them? D. How will your recommendations address the healthcare workforce brain drain that is occurring in the Philippines?