Utility Analysis in demand analysis…
1 answer below »Assignment 1
Primary Task Response: Within the Discussion Board area, write 400 words that respond to The topic for this week is the preparatory process of starting to think about your dissertation.
Address the following questions in the DB: In 400 Relating to topic Improving fall risk standards in nursing homes
What areas of the prospectus have you already thought about, and are confident you can address them?
What are the areas of the prospectus that are new to you? What’s your plan for addressing these areas?
What is your overarching research topic? Improving fall risk standards in nursing homes
What are the subtopics found within your research idea (contextual and theoretical)?
How have your changed or refined your research idea over the last two quarters?
What did you do during the last two terms to continue to build your mastery of the topics related to your research idea (be specific)?
How many annotations did you add to your Annotated bibliography after you completed
What are your strategies for success this term?
Primary Task Response: Within the Discussion Board area, write 400words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
The concept of utility analysis explores why people desire health. Utility refers to the level of satisfaction that an individual receives from the output of a good or service. For example, a brand new sports car is an example of a good. Although the actual car does not provide utility, the wind in your hair or the smell of the fresh leather does.
Focus your discussion on the following:
How does utility analysis explain why people demand health?
How does the law of diminishing marginal utility fit into the analysis?