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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. 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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