Assignment:
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:
1. How does utility analysis explain why people demand health?
2. How does the law of diminishing marginal utility fit into the analysis?
APA format, 400 word minimum, Scholarly references