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1) Short answer questions a) Suppose it costs $10 to get flu shot today. It will reduce my probability of getting flu by 10% (from
1) Short answer questions a) Suppose it costs $10 to get flu shot today. It will reduce my probability of getting flu by 10% (from 10% to 0%). If I get the flu, it costs $100. Discount rate is 2% (how much less money in the future is worth to me today). Should I get the flu shot? b) If a new law requires healthcare workers to be vaccinated, and suppose there are many health care workers who do not want to be vaccinated, what direction will it shift the supply curve for labor in the healthcare sector? (options: to the left, to the right. Pick one and explain in a couple of sentences)
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