Instructor: Brett W Homework Assignment 2: Chapter 3 Due date: February 2, 2023 (11:59 PM EST) in m Be sure to answer ALL parts of the questions below. Please provide clear, coherent, and complete answers. Show your work when applicable. 1. (5 points) Regarding Table 3.1 from the textbook (also found in the Ch. 3 lecture slides) a. Which 3 interventionsftarget populations have the highest marginal productivity (the table displays various CE ratios , do not get the two confused)? b. Which 3 interventionsftarget populations have the lowest marginal productivity? c. For each of the interventionsftarget populations you list, why do you think the marginal productivity is so high or so low? 2. (5 points) Suppose I have a production mction for health (H) that depends on one input, medical care (m), so H = g(m). The relationship between medical care and health is in the following table. Fill in the table by calculating the average product and the marginal product. 3. (5 points) Suppose the number of tonsillectomies performed in three cities of equal size is 4 in City A, 6 in City B, and S in City C. a. Calculate the Coefcient of Variation between the three cities. Show your work. b. Is this a high or low COV? Does this imply agreement or disagreement about the way to use this specic medical procedure? 4. (5 points) Chapter 3, question 3 in textbook: People living in Boston are hospitalized about 1.5 times as often as those living in New Haven, yet their health outcomes, based on age- specic mortality rates, appear to be identical. Does this mean that hospital care has no ability to improve health? (Hint: Think about the difference between average and marginal productivity.) 5. (5 points) Chapter 3, question Sin textbook: Most available studies of the effects of medical care on health outcomes use mortality as the measure of health. If there are other dimensions to health in addition to living versus dying that remain unmeasured (such as freedom from pain, mobility to move around freely, physical endurance to perform work), then how (if at all) might that alter our estimates of the marginal productivity of medical care? (Hint: Think about the US. versus Canadian comparisons reported in the chapter.)