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25 Jul 2018
Assume that for every person, health (h) is determined by income (y) and by a genetic factor (g) through the production function: h = -0.5y + 2g. Show that increases in income in this society are associated with decreases in health.
Assume that for every person, health (h) is determined by income (y) and by a genetic factor (g) through the production function: h = -0.5y + 2g. Show that increases in income in this society are associated with decreases in health.
2 Jun 2021