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What are the preliminaries discussed in grossman

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Reference no: EM133003877

According to Grossman model, people choose an optimal time to die.

Problem 1) What are the preliminaries/assumptions discussed in Grossman (1999)? Use your own words to summarize it.

Problem 2) Use Grossman model to analyze this statement "people choose an optimal time to die."

Problem 3) Will you follow the Grossman model to choose the optimal length of life? Why or Why not?

Reference no: EM133003877

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