Why People Demand Health? – 2025 Please answer the following questions regarding the demand for health care In your own words use utility analysis to

Please answer the following questions regarding the demand for health care.

• In your own words use utility analysis to explain why people demand health. How does the Law of Diminishing Marginal Utility fit into the analysis?
• How would you expect the price elasticity of demand for medical care to vary with health status? Give a specific example.

Investing in Other People’s Life Insurance – WSJ.pdf