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Maritime Insurance Company offers insurance policies for recreational boats. A typical policy will pay the replacement cost of $25,00 if the boat is a total loss.If the boat is not a total loss but the damage is more than $10,000 the policy pays $5,000. For damage under $10,000, no coverage is offered. The company estimates the probability of no damage to be .60, the probability of damage between $0 and $10,000 to be .25, and the probability of damage between $10,000 and $25,000 to be.12 If the company wants to make a profit of $200 above the expected cots, what should be the price of the policy?
Explain how do you expect the supply and demand of your selected good to change in the next year. Relate you expectations to the price and quantity of the good in the marketplace.
The structural engineering design section within the engineering department of a regional electrical utility corporation has developed numerous standard designs
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That term would be most closely associated with the latest also better goods also services also latest also better ways of producing
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After that Dewey's opportunity cost of producing one bushel of corn is 1/2 yard of cloth.
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Which of the two units would you recommend ? What initial cost of machine A would make the two machines identical in overall cost? P.S. I need work shown please to know how to complete problem
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