Time constraint means time tradeoffs 口 Time working TW produces income Buy things that contribute to utility(H,Z)but need to spend time in those activities(TH,TZ) Time sick TS does not increase utility Every hour spent sick takes away time to do other utility-increasing activities(loss time) Table 3.1.Activities in the Grossman model. Activity Example Purpose Working(TW) Working at a power plant;playing Earn income to purchase professional sports;teaching health items that will enhance economics H and Z Playing(TZ) Doing a jigsaw puzzle;going to the Enhance Z opera;logging onto Facebook Improving health(T#) Jogging;undergoing surgery;beauty rest Enhance H Being sick(TS) Spending the day home in bed,doing None;T's is always nothing wasted time Health as a consumption good Bhattacharya,Hyde and Tu-HealthEconomicsBhattacharya, Hyde and Tu – Health Economics Time constraint means time tradeoffs  Time working TW produces income  Buy things that contribute to utility (H, Z) but need to spend time in those activities (TH, TZ )  Time sick TS does not increase utility  Every hour spent sick takes away time to do other utility-increasing activities (loss time) Health as a consumption good