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George and Nancy had a $30,000 repair bill on their home after the tornado went through town. Their policy contained the usual 80% co-insurance clause. Their home's replacement value was $150,000; their policy coverage was $110,000 with a $250 deductible.
How much insurance should they have carried to meet the coinsurance obligation?What percentage of this loss will the insurance company pay?How much of the loss will George and Nancy have to absorb?
Assume France has a Gini coefficient of .4, and Germany has a Gini coefficient of .3. Which of the following conclusions are we able to make with this data?
Expalin why did not Keynesian theory provide successful solutions to the German economy where unemployment currently around 14%.
In order to financially stimulate the nation, the Federal government injected $900 billion dollars into the economy. However, the results were less than spectacular. One reason could have been a failure to understand the marginal propensity to co..
Show graphically the amount of the change that is due to the substitution effect and the amount of the change that is due to the income effect.
Consider two firms competing in prices and selling a homogeneous product. The market demand curve is p = 100 - q and the constant marginal costs of the two firms are 10 and 20 respectively. Also, suppose all prices should be integer numbers.
Apply the coefficient-of-variation decision criterion to these alternatives to find out which is preferred by the angel investor, assuming that he/she is risk-averse. b) Apply the maximin criterion, assuming that the worst outcome in Business 1 ..
Microeconomic project - country is Costa Rica , company Nike) ( 8-10 pages ), Analyze Macro Variables:- Evaluate Macroeconomic Policies:- Develop Short Term Outlook.
fall in demand, high unemployment etc but how can I understand the similarities (or differences) more deeply? Can you help explain.
Find out what quantity of the book Warm fuzzy should print, and what price it should charge in order to maximize profit.
Using a graph, explain in terms of the elasticity of demand for farm products why farmers may be better-o¤ when harvests are low even if we ignore the money they receive from the set-aside program.
Disscuss the contrasting views of the Keynesians and the monetarists with regard to an appropriate.
Think about a company that has been a state-owned, natural monopoly. If it is privatized, what kind of regulatory policies could the government follow, and what impact might they have on the firm.
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