Toby and Sarah both recently purchased health insurance with a 20% co-insurance rate, which means they pay

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Toby and Sarah both recently purchased health insurance with a 20% co-insurance rate, which means they pay 20% of the price of a doctor visit. Toby’s demand for doctor visits is QT = 6, and Sarah’s demand for doctor visits is QS = 20 – 0.10P, where Q represents the number visits and P is price per visit. With a price of $100 for doctor visits and a 20% co-insurance rate, how much out-of-pocket cost will Sarah pay per visit?

Posted Date: Nov 22, 2021 01:29 AM

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Toby and Sarah both recently purchased health insurance with a 20% co-insurance rate, which means they pay

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