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tony911t tony911t
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7 years ago
Using a strategy region graph, determine what impact, if any, the insurance deductible amount has on her decision. Briefly explain your answer
 


   


 
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#1
7 years ago
If the insurance deductible were to increase to about 500, Mrs. Rich would be better off not purchasing the collision insurance (see strategy region chart above), because the line for that alternative falls below (i.e. provides lower expected cost) the Buy Insurance line in that range. Above 500, her out-of-pocket expenses with insurance are so high that she is better off saving the premium cost and taking her chances without insurance.
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