3. Pick one of the government services we have discussed (see blackboard excel file for examples) and think about it in terms of production functions. What are the costs associated with providing this service? What are the measurables that you would want to see as direct outputs and consumer outputs? You should use the table below as your guide. How do production functions help you validate expenditures (and the corresponding tax revenue) used to finance them? Output Measures for Selected State-Local Services Consumption(Consumer Service Inputs Direct Outputs Output) Fire Protection Firefighters Inspectors Fire Stations Trucks Equipment Water Supply Stations per sq mile firefighters per station trucks per station hydrants per sq mile Fire Prevention and Suppression: No. of fires per household or employer damages per fire tire insurance rates civilian fire deaths 3. Pick one of the government services we have discussed (see blackboard excel file for examples) and think about it in terms of production functions. What are the costs associated with providing this service? What are the measurables that you would want to see as direct outputs and consumer outputs? You should use the table below as your guide. How do production functions help you validate expenditures (and the corresponding tax revenue) used to finance them? Output Measures for Selected State-Local Services Consumption(Consumer Service Inputs Direct Outputs Output) Fire Protection Firefighters Inspectors Fire Stations Trucks Equipment Water Supply Stations per sq mile firefighters per station trucks per station hydrants per sq mile Fire Prevention and Suppression: No. of fires per household or employer damages per fire tire insurance rates civilian fire deaths