Quantity of medical care and hours of exercise

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Write down a health production function that depends on the two inputs: quantity of medical care and hours of exercise. That is, provide the functional form along with either numerical values of parameters, or (at a minimum) signs of the parameters of the function. Be sure that the returns to both inputs are positive and diminishing. What does that last statement mean in words? What is the marginal product of medical care?

Reference no: EM131002621

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