Solved

Lee Is a Rational Consumer with Complete Health Insurance (No

Question 21

Multiple Choice

Lee is a rational consumer with complete health insurance (no copayments or deductibles) .He will use medical care up to the point at which his:


A) total benefit is equal to the cost of care paid by the insurance provider.
B) marginal benefit is zero.
C) marginal benefit is equal to the marginal cost of care paid by the insurance provider.
D) total benefit is equal to zero.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents