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Scenario A: An individual’s demand for teeth cleanings per decade is Q = 21 − (1/10)...

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Economics

Scenario A: An individual’s demand for teeth cleanings per decade is Q = 21 − (1/10) P, where P is the price of a teeth cleaning. Without insurance, consumers pay $100, which is the marginal cost of a teeth cleaning. (1) How many teeth cleanings will they consume per decade? (2)Insured consumers pay only a $30 copayment. How many teeth cleanings will they consume per decade?

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