Suppose you have complete health insurance. You will use medical care up to the point where:...

Suppose you have complete health insurance. You will use medical care up to the point where:

A) your total benefits equal the costs of providing the medical care.

B) your marginal benefit is zero.

C) your marginal benefit is equal to the marginal cost of the medical care.

D) your marginal benefit is equal to the total costs of providing the medical care.

E) your total benefits are equal to the cost of your health care insurance.

Expert Solution

When you have complete health insurance, you will use medical care up to the point where:-

- Marginal benefit is zero

option(B)

Rahul Sunny answered 2 years ago

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