If Juliet consistently buys health insurance for twenty years but never suffers a costly illness, were her premium payments wasted?
a. No, if the safety of being insured was worth less to her than the monetary cost of the premiums
b. No, if the safety of being insured was worth more to her than the monetary cost of the premiums
c. Yes, having insurance is never worth more than the monetary cost of the premiums
d. Yes, if the safety of being insured was worth more to her than the monetary cost of the premiums

Question

If Juliet consistently buys health insurance for twenty years but never suffers a costly illness, were her premium payments wasted? 
a. No, if the safety of being insured was worth less to her than the monetary cost of the premiums
b. No, if the safety of being insured was worth more to her than the monetary cost of the premiums
c. Yes, having insurance is never worth more than the monetary cost of the premiums
d. Yes, if the safety of being insured was worth more to her than the monetary cost of the premiums

jessica8578 · Answer

@errinss

cas_fangirl_14 · Answer

I hope this helps. I think its C. https://www.coursehero.com/tutors-problems/Economics/9404092-If-Juliet-consistently-buys-health-insurance-for-twenty-years-but-neve/

kathydimieri12 · Answer

yeah C, do you want explaining?

dumbcow · Answer

it could be B or C, depending on how much personal value Juliet puts on the safety of being insured