Question
There is a population of 10,000 people.In that population, 10 people have a serious disease that costs $50,000 to treat.175 people have a less serious
There is a population of 10,000 people.In that population, 10 people have a serious disease that costs $50,000 to treat.175 people have a less serious disease that costs $800 to treat.
- What is the premium that an insurer with 0 administrative costs will charge to insurance each person in this population?
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Microeconomics
Authors: David Besanko, Ronald Braeutigam
5th edition
1118572270, 978-1118799062, 1118799062, 978-1118572276
