Consider how health insurance affects the quantity of health care services performed. Suppose that the typical medical procedure has a cost of $100, yet a person with health insurance pays only $20 out of pocket. Her insurance company pays the remaining $80. (The insurance company recoups the $80 through premiums, but the premium a person pays does not depend on how many procedures that person chooses to undergo.) Consider the following demand curve in the market for medical care. 1. Based on the given demand and supply, the given transportation problem is
?
2. Before finding the initial solution, a dummy should be introduced.?
3. The total cost of the optimal solution =?

hello your question has some missing part attached below is the missing demand curve

Answer :

1) the quantity of health procedures Individuals will demand is greater than the optimal quantity ( 20  procedures )

2)  quantity of medical procedure

3) $200

Explanation:

1) Based on the given demand and supply, the given transportation problem is  the quantity of health procedures Individuals will demand is greater than the optimal quantity ( 20  procedures )

2) A dummy quantity of medical procedure should be introduced

3) Total cost of optimal solution

optimal quantity of medical procedure ( Qd) * price of medical procedure(Qp)

= 20 * 100

= $200

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answer; /// the best answer to the above question is; the main economic goal that a society consider when deciding the best way to distribute its wealth is equity, this to ensure that all resources are equally distributed; ///(a) (economic equity)