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4. (5%] In the Grossman model individuals have a maximum lifespan and the].r choose the timing of their death by letting their health reach Hm,
4. (5%] In the Grossman model individuals have a maximum lifespan and the].r choose the timing of their death by letting their health reach Hm, before age {'1 or their age reaches [1. \"Suppose that the maximum lifespan is lower for high school compared to college graduates. How does this affect the demand for health if {'1 is lower because of [i] lower initial level of health and {ii} higher rate of depreciation 1'. 1What happens if 1r is determined by health
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