Economics: Principles, Problems, and Policies, 19th Edition

by McConnell, Campbell R.; Brue, Stanley L.; Flynn, Sean M.

Published by McGraw-Hill Education

ISBN 10: 0073511447

ISBN 13: 978-0-07351-144-3

Chapter 21 - Health Care - Problems - Page 453: 2c

Answer

HeadBook can spend $\$1,000$ more on her insurance by buying it directly.

Work Step by Step

HeadBook buys insurance: $\$5,000$ goes directly to health insurance Vanessa buys herself: $\$4,000$ goes to insurance Difference = $\$5,000 − \$4,000 = \$1,000$ HeadBook can spend $\$1,000$ more on her insurance by buying it directly.

Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.