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The amount of annual claims per policy at a health insurance company has a normal distribution with mean $300 and standard deviation $100 Darren has a health insurance policy with this company which has an annual deductible of $200. This means that if Darren's claim in one year are less then $200, then he pays for them and the company pays nothing, but if they are over $200, then he pays $200 and the company pays the rest. What is the probability that the company will not pay anything next year against Darren's policy?
If the number of employed people in a population is 149,444 , the unemployment rate 5%, and the Labor Force participation rate 62.5%, calculate the working age population, number of unemployed people, and the Labor Force.
Consider a Keynesian model with partially sticky prices. Suppose households become morecautious regarding cash holdings. What can we say about the interest rate when this change occurs?
A project will require the investment of $108,000 in equipment (straight-line depreciation with a depreciable life of 8 years and zero salvage value) and $25,000 in raw materials (not depreciable). Net annual project income before-tax depreciation wi..
Southern European countries (e.g., Spain, Greece, Italy, and Portugal) traditionally export low-tech manufactured items such as textiles, toys, and footwear that are in direct competition with inexpensive goods from China. Why are southern European c..
If on expiration the futures contract has a price of 155, what is your profit or loss on the contract?
Your community has been chosen as the site of a new power plant that will be the source of electricity for the entire region. This power plant will be within a few blocks of your house, so you have been given the opportunity to help choose the type o..
George and John, stranded on an island, use clamshells for money. Last year George caught 300 fish and 11 wild boars. John grew 200 bunches of bananas. In the two-person economy that George and John set up, fish sell for 2 clamshells each, boars sell..
Draw an indifference curve diagram to illustrate your optimum points on Monday, Tuesday and Wednesday. Label them M, T and W.
Compute the resulting equilibrium price quantity combination for every industry. Illustrate your answer with a suitable graph.
How do you calculate the marginal revenue in a perfectly competitive market when 20 surfboards are sold, each for $400?
There are a number digital forensic analysis tools that are available. Some are very expensive and some are free. What makes one analysis tool better than another, are there criteria to be considered?
A market has a demand curve described by P=30-Q, a supply curve described by P=16+Q, and a price ceiling of 20. Calculate the Total Surplus of the market with the price ceiling?
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