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i need help with each one please Suppose that Rick and Morty both demand healthcare. The demand curves for the two gentlemen are: PRick =
i need help with each one please
Suppose that Rick and Morty both demand healthcare. The demand curves for the two gentlemen are: PRick = 10 - QHc Photy = 15 - QHc P represents the price of healthcare, while Q represents how much healthcare is consumed. Suppose that the price of healthcare without health insurance is $5. Suppose that our deductible is $30. Suppose that the coinsurance rate is 10%. Answer the following questions. a) How much healthcare does Rick consume without health insurance? Morty? b) How much healthcare does Rick consume WITH health insurance? Morty? c) Is there a distortion in healthcare consumption (do for both Rick and Morty). If so, how much? d) How much does Rick pay out of pocket for healthcare WITH health insurance? How much does Morty pay out of pocket for healthcare WITH health insurance Step by Step Solution
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