4. Now suppose that, instead of taxing citizens to hire health-care workers, the govern- ment imposes compulsory health-care training and service: the representative house- hold has to dedicate m units of time to administer vaccines, unpaid. The rest of their time is available to use as they please and no taxes are imposed. Set up the household's optimisation problem under this policy. 5. Show that the representative household's level of consumption, leisure, hired health- care labour and compulsory health-care labour are the same under both policies. Ex- plain.

4. Now suppose that, instead of taxing citizens to hire health-care workers, the govern- ment imposes compulsory health-care training and service: the representative house- hold has to dedicate m units of time to administer vaccines, unpaid. The rest of their time is available to use as they please and no taxes are imposed. Set up the household's optimisation problem under this policy. 5. Show that the representative household's level of consumption, leisure, hired health- care labour and compulsory health-care labour are the same under both policies. Ex- plain.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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