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c.Which method of rationing do you prefer in this case and why (price rationing compared to your alternative mechanism)?3.(20 points) Suppose a cost-benefit study is conducted to measure the impact of prenatal vitamin usage to improve birth outcomes and long-term health of children. The costs are incurred during pregnancy, while the benefits extend over a long time-frame. Suppose further that the researchers conclude that prenatal vitamins are cost-effective using a 2% discount rate. However, most cost-benefit studies use a discount rate of 3-5%. Explain whether the use of a higher discount rate makes these results more convincing or less convincing.4.(20 points) Suppose there are a number of treatment options for a specific, life-threatening medical disorder.The treatment costs and expected QALYs gained are given for each treatment option below.