MCQOPTIONS
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| 1. |
Suppose that you have complete health insurance that covers all expenses. You will use medical care up to the point where your: |
| A. | total benefits equal the costs of providing the medical care. |
| B. | marginal benefit is zero. |
| C. | marginal benefit is equal to the marginal cost of the medical care. |
| D. | marginal benefit is equal to the total costs of providing the medical care. as |
| Answer» C. marginal benefit is equal to the marginal cost of the medical care. | |