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Can you fill in the chart and answer the questions below. Thank you. Table 1 Market Price per Franklin's Monthly PT Franklin Pays with Franklin's

Can you fill in the chart and answer the questions below. Thank you.

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Table 1 Market Price per Franklin's Monthly PT Franklin Pays with Franklin's Monthly PT Visit (PM) Demand without insurance Copayment: C = .5 Demand with Insurance 0 5 10 20 30 40 50 0 60 0 70 0 80 O 90 100 4. If the market price (PM) for PT visits is $40 and Franklin has a copayment of .5, how much does Franklin value his 3"d PT visit per month? 30 40 50 25 20 N 5. If the market price (PM) for PT visits is $40 and Franklin has a copayment of .5, approximately how much does it cost society to produce Franklin's 3"d PT visit per month? 30 25 40 50 60

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