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Economics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772Economics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 6
Ralph will consume any health care service just as as its MB exceeds the money he must pay out of pocket. His insurance policy has a zero deductible and a 10 percent copay, so Ralph only has to pay 10 percent of the price charged for any medical procedure. Which of the folprocedures will Ralph choose to consume?
A) An $800 eye exam that has an MB of $100 to Ralph.
B) A $90 hearing test that has an MB of $5 to Ralph.
C) A $35,000 knee surgery that has an MB of $3,000 to Ralph.
D) A $10,000 baldness treatment that has an MB of $16,000 to Ralph.
A) An $800 eye exam that has an MB of $100 to Ralph.
B) A $90 hearing test that has an MB of $5 to Ralph.
C) A $35,000 knee surgery that has an MB of $3,000 to Ralph.
D) A $10,000 baldness treatment that has an MB of $16,000 to Ralph.
Explanation
Verified
Verified
b. In option b, a hearing test of $90 ha...
Economics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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