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Teaching Since: Apr 2017
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  • MBA,PHD in Psychology
    Northwest Florida State College
    Jun-1992 - May-1997

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    Northwest Florida State College,
    Aug-2006 - Nov-2015

Category > Economics Posted 05 May 2017 My Price 9.00

Suppose, if ill, that Fred’s demand for health services is summarized by the demand curve

Suppose, if ill, that Fred’s demand for health services is summarized by the demand curve Q = 50 – 2P, where P is the price of services. How many services does he buy at a U = 20Ywhere U is utility and Y is income per month. price of $20? Suppose that Fred’s probability of illness is 0.25. What is the actuarially fair price of health insurance for Fred with a zero coinsurance rate? 8. In Exercise 7, if the insurance company pays Fred’s entire loss, what will Fred’s expenses be? How much will the company pay? Will it continue to offer him insurance at the actuarially fair rate? Why?

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Status NEW Posted 05 May 2017 12:05 PM My Price 9.00

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