8) [7 points total] Suppose that the cost of visiting a doctor once is $120, and an individual's marginal benet of doctor visits is given by M3 = 210 30Q, where Q is the number of doctor visits. [1 point] How many times will this individual visit the doctor if he or she does not have insurance? [1 points] Now suppose that the individual purchases health insurance. Under his or her policy, the individual copays 25% of each doctor visit, while the insurance company pays the remaining 75%. How many times will this individual visit the doctor now? [3 points] In a graph with quantity of visits on the horizontal axis and price on the vertical axis, show how the answers to parts a and b are determined, On the same graph, show the deadweight loss associated with the inefcient over-consumption of visits from part a. [1 point] How much of a premium does the insurance company charge for the policy in part 1) assuming that the insurance company makes 0 prots? [1 point] How much deadweight loss is created as the result of moral hazard from this insurance policy? , s '49 AM E [1- 119132020