Solve all questions compulsory .....you will not solve all questions then I will give you down upvote ....and I want correct .... KThe marginal cost of health insurance is a constant $8,000 a year and the figure showsthe marginal benefit and willingness and ability to pay curve.Suppose that the marginal social benefit from insurance exceeds the willingness andability to pay by a constant $2,000 per family per year.If the govemment decides to provide public health insurance (like Canada), whathealthcare fee does it charge to achieve an efficient coverage? How much will taxpayershave to pay?12-10-aPremium (thousands of dollars per year)To achieve the efficient quantity of health insurance, government expenditure to insureeach household is $Taxpayers have to pay $billion per year24°102040D=MB5060Quantity (millions of families insured)B

If the government provides , that fee = $6000 (8000 - 2000)Payment by tax payer = 2000 * 2000 =…

Answered: K The marginal cost of health insurance…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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