preventative medicine is not covered by insurance).It would take her 2 hours to visit her doctor and

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preventative medicine is not covered by insurance).It would take her 2 hours to visit her doctor and get the prescription filled.The opportunity cost of her time is $50/ hour.

If she contracts malaria we assume that she will be sick for two weeks and unable to work.Expenses for medication, doctors' visits, and lab tests to treat the malaria will be $1500.She will lose wages and benefits of $1000 for each week she is away from work.Assume the cost of the pain and suffering is $2000.

Mary believes that her chance of getting malaria without preventative medicine is about one in 10.

What is the maximum price that Mary would pay for the medication if she has no insurance?

Posted Date: Jun 21, 2024 09:12 AM

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preventative medicine is not covered by insurance).It would take her 2 hours to visit her doctor and

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