This question involves the same scenario as the previous one, where a consumer experiences a major improvement
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Question:
This question involves the same scenario as the previous one, where a consumer experiences a major improvement in their health including their expectations of future health. Whereas the preceding question asked you to indicate what the model predicts regarding their behavior, this question requires that you indicate why the change predicted by the model is taking place.
- A.None of the above.
- B.The ratio of the marginal value (utility) of health care to the price of health care has increased.
- C.The ratio of the marginal value (utility) of health insurance to the price of health insurance has increased.
- D.The ratio of the marginal value (utility) of changes in health to the price of health has decreased.
choose one
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