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temp321 temp321
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4 years ago
Assume that an insurance company sets a single price for insurance equal to the total medical bills paid by the insurance company divided by the number of its customers. If it pays medical bills of $5,000 for half of its customers and $9,000 for the other half of its customers, the price of insurance will be:

▸ $5,000.

▸ $6,000.

▸ $7,000.

▸ $9,000.
Textbook 
Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools


Edition: 8th
Authors:
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Strategyboyz21Strategyboyz21
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4 years ago
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temp321 Author
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4 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
jaray75
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Yesterday
this is exactly what I needed
Katey_maree
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2 hours ago
Good timing, thanks!
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