Medical interventions were not important in the historical declines in mortality rates

1. “Medical interventions were not important in the historical declines in mortality rates, but that does not imply that medical research was unimportant.” Explain this viewpoint.

2. Chapter 5 Exercise 1. In addition to showing how the curve changes when E is increased to 15 discuss this in words.

3. Chapter 6 Exercise 4

4. Given the nature of the cost function and possible economies of scale and scope, does a policy encouraging large, centralized hospitals seem wise? Will market forces tend to reward centralization of hospital services?

5. Chapter 7 Exercise 3

6. Chapter 7 Exercises 4 and 5

(Chapter 5 exercise 1 is on page 104. Chapter 6 exercise 4 is on page 128. Chapter 7 exercise 3,4,5 is on page 146, 147 in the attached textbook.)

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