The stated premise behind the production function for health is that medical care when combined with other
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The stated premise behind the production function for health is that medical care when combined with other inputs and a person’s own time produces good health. What is the marginal contribution of medical care to the production of health in the United States? Will spending more money on medical care improve the health of Americans, or is there another strategy that would work better? How would your answer change if you were studying health in a less-developed country?
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