Suppose that a medical specialist charges $300 per consultation. If your insurance charges you a $25 copay,
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Suppose that a medical specialist charges $300 per consultation. If your insurance charges you a $25 copay, what is the marginal cost of your consultation? Suppose that a second patient has a different policy that requires a 25% coinsurance payment, but no copay. What is the second patient’s marginal cost of the consultation?
Which patient is more likely to see the specialist?
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