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A. SUPPLY OF HEALTH CARE You are about to graduate from college and are trying to decide whether to go to medical school to become

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A. SUPPLY OF HEALTH CARE You are about to graduate from college and are trying to decide whether to go to medical school to become a physician or get a job as a lab technician in a doctor's office. The salary in the four earnings periods are as follows: Period 0 Period 1 Period 2 Physician -5 1 10 Lab tech 2 3 4 1. Let's say your discount factor, 8, is 0.90. In one sentence, explain what this means. 2. What is the discount rate, r, that corresponds with your discount factor? Show your work

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