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Using Grossmans pure investment model of the demand for health, consider the impact of the following on the marginal efficiency of investment (MEI) and related
- Using Grossman’s pure investment model of the demand for health, consider the impact of the following on the marginal efficiency of investment (MEI) and related optimal health stock (include a graph in your explanation):
- Rather than having stopped school with a high school diploma, by age 22 Poppy obtained an undergraduate degree in public health. How would this education decision impact her optimal level of health?
- Suppose that after age 22 her wage rate stayed the same, what happens to her optimal stock of health capital by age 30?
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Managerial Economics
Authors: Paul Keat, Philip K Young, Steve Erfle
7th edition
0133020266, 978-0133020267
