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g. Assume expenditures as a percent of GDP is fixed at 6. Assume that the market price of increasing the breast cancer survival probability by
g. Assume expenditures as a percent of GDP is fixed at 6. Assume that the market price of increasing the breast cancer survival probability by 1 percent is $100,000,000 and the cost of training and hiring an additional physician per 10000 people is $2,000,000. According to your derivations of the first order conditions in problem 3 of homework 1, what is the efficient level of labor? What is the efficient 5 year breast cancer survival rate
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