Production of health & healthcare - The healthcare production function and hospital efficiency - How can inputs be combined to produce a certain output?
3 important questions on Production of health & healthcare - The healthcare production function and hospital efficiency - How can inputs be combined to produce a certain output?
What are the two main questions that need to be asked in order to make a healthcare production function?
- How can healthcare inputs be combined to produce a certain output?
- How easily can one production factor be substituted for others?
What are the three types of production inputs?
- Complements
- Perfect substitutes
- Imperfect substitutes
What are imperfect substitutes?
e.g. Surgeons and nurses
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