You go to the doctors and your bill for the office visit and lab costs is $250.00.You have a 25% co-payment.What is your marginal cost of this visit?

Question

Quizplus · Accepted Answer

The co-payment is 25% of the total bill, which is $250.00. So the co-payment is 0.25 x $250.00 = $62.50. This is the marginal cost of the visit because it is the additional cost to you beyond what you would normally pay for healthcare.

You Go to the Doctors and Your Bill for the Office