Figure 7-18 -Refer to Figure 7-18.Total Surplus Amounts to $500 If Consumer

question 26

Multiple Choice

Figure 7-18
-Refer to Figure 7-18.Total surplus amounts to $500 if consumer surplus amounts to

• A)$290 and if the price of the good is $150.
• B)$300 and if the price of the good is $130.
• C)$275 and if the price of the good is $160.
• D)$400 and if the price of the good is $100.

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Definitions:

Capitated Payment

A payment arrangement in healthcare where a provider is paid a set amount for each enrolled person assigned to them, regardless of the number of services provided.

Medical Provider

An individual or institution that offers healthcare services to patients.

Primary Payer

The insurance policy or program that pays first on a claim for medical care, determining the extent of coverage before any secondary payer contributes.

Employer-provided Insurance

Health insurance coverage provided to employees (and often their families) as part of an employment benefit package.