Under a first-dollar health insurance plan, the patient's marginal cost of treating a covered illness is:

A. a percentage of the total cost.
B. negative.
C. zero.
D. positive.


Answer: C

Economics

You might also like to view...

How are potential GDP, full employment and the LAS curve related?

What will be an ideal response?

Economics

Firms in an oligopoly market can potentially earn economic profits.

a. ?In the short run, but not the long run. b. ?In the long run, but not the short run. c. ?In both the short run and long run d. ?In neither the short run nor the long run

Economics

Blue Skies Bank has a required reserve ratio of 18 percent. If it receives a deposit of $80,000, it must keep ______ of it in reserve.

a. $4,444 b. $18,000 c. $65,600 d. $14,400

Economics

In the basic Keynesian model, an increase in transfer payments:

A. reduces short-run equilibrium output. B. increases potential output. C. increases short-run equilibrium output. D. reduces potential output.

Economics