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If insurance companies are required to offer coverage to all interested people, it is said that premiums for each person will be increased. Assume that the insurance market is perfectly competitive. What is the major reason for raising the premium?
Demonstrates content knowledge through a full and complete original posting in response to the board topic. Two (minimum) or more (exceeding expectations) complete and thoughtful responses to other workshop participants that demonstrate addition of ..
Allocative efficiency (where P = MC) is most likely to occur under which of the following type of market structures?
Marge opens an oxygen bar in a building she owns. She utilized to rent the building to her brother in law.
The first audit of the books of Bruce Gingrich Company was made for the year ended December 31, 2015. At the beginning of 2013, the company purchased a machine for $494,300 (salvage value of $52,600) that had a useful life of 6 years. The bookkeeper ..
“If the legal standard of care in a negligence rule is necessarily vague, the court should set it below the level of efficient precaution.” Explain the economic argument in favor of this proposition. Doctors are liable when their negligence injures p..
According to a Wall Street Journal article "MCI, in New Phone War Skirmish, Files Suit over AT&T Ad Claims," MCI was upset with AT&T over allegedly false claims that AT&T's service is cheaper than MCI's. Suppose that the typical consumer is a small b..
Suppose that your marginal federal income tax rate is 30%, the sum of your marginal state and local tax rates is 5%, and the yield on thirty-year U.S. Treasury bonds is 10%. You would be indifferent between buying a thirty-year Treasury bond and buyi..
mr. banks knows that line maintenance expense varies with company size and he wants to use the latter to predict the
If a firm experiences diseconomies of scope, then it:
Law of demand does not hold since attendance at the major league parks has dropped while at the same time ticket prices have fallen.
Explain your answer statements be true at the same time. The unemployment rate in Tappania is higher now than it has been in 50 years.
Means-tested college aid, base college aid primarily on
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