Q1 why does the assumption of independence of risks matter

Assignment Help Business Economics
Reference no: EM13354598

Q1. "Why does the assumption of independence of risks matter in the examples of insurance? What would happen to premiums if the probabilities of houses burning were positively correlated? Can you think of a situation where they might be negatively correlated"

Q2. What would happen to the supply and demand of Super Bowl tickets if the government mandated that no more than $20 a ticket could be charged? What would happen if a law passed dictating that kindergarten teachers could make no less than $100,000 per year?

Reference no: EM13354598

Questions Cloud

Q1 during the recession of 2008 2009 the detroit urban area : q1. during the recession of 2008 2009 the detroit urban area had very considerable unemployment which is the highest in
Qthroughout history the most popular form of money has been : q.throughout history the most popular form of money has been gold.a. provide 3 reasons why gold has been such a popular
Q1 illustrate the measures that were taken by the us : q1. illustrate the measures that were taken by the u.s. government also federal reserve to counteract the financial
Q1 as this is a issues of involving selling prices of : q1. as this is a issues of involving selling prices of hamburgers also the quantity of hamburgers consumers which would
Q1 why does the assumption of independence of risks matter : q1. why does the assumption of independence of risks matter in the examples of insurance? what would happen to premiums
Qinflation and unemploymenta explain your answer why are : q.inflation and unemploymenta explain your answer why are inflation and unemployment often viewed as the key dare
Q1 classify the equilibrium pricewhat would happen if : q1. classify the equilibrium price.what would happen if suppliers charge less than the equilibrium price for your good
Qinvestment and monetary policya the economist on the 7th : q.investment and monetary policya the economist on the 7th may 2011 printed the followingas vietnams government appears
Qspecify how each of the following international : q.specify how each of the following international transactions is entered into the u.s. balance of payments with

Reviews

Write a Review

Business Economics Questions & Answers

  Elucidate why a system of marketable polution permits leads

Elucidate why a system of marketable polution permits leads to less costly pollution abatement and a higher concentration of polluted areas tha a command - and control system.

  Analyze the basis for the trends in consumption patterns

Considering the correlation of a company to the economy which would you chose: A company positively, negatively, or not correlated?

  Q1let x be a random variable with probability density

q.1let x be a random variable with probability density function fxc1-x2 -1ltxlt10 elsewherea what is the value of c?b

  Expansion from which all americans benefited

claimed that the accumulation of wealth by capitalists was a small price to pay for the economic expansion from which all Americans benefited.

  Explain how many boxes of lettuce should the supermarket

Past history says that tomorrow's demand for lettuce averages 250 boxes with a standard deviation of 34 boxes. Explain how many boxes of lettuce should the supermarket purchase tomorrow.

  What would be the effect on the jobs in u.s. industries

Assuming other countries do not change their own trade policies, what would be the impact on the value of the dollar relative to other currencies?  What would be the effect on the jobs in U.S. industries?

  An economic naturalist is described as someone who

Sally earned $25,000 per year before she became a mother. After she became a mother, she told her employer that she would not be willing to work for anything less than $50,000. Her decision is based on

  What do you understand spencer and kate are two demanders

What do you understand Spencer and Kate are the only two demanders of lemonade.

  Find firm profit-maximizing price and quantity

Find firm's profit-maximizing price and quantity. Illustrate what is profit. firm's production manager claims that firm's average cost of production is minimized at an output of 40 units.

  Qthe following graph shows the demand as well as curve d of

q.the following graph shows the demand as well as curve d of a home country facing the foreign monopoly supplier of a

  The ledger of hixson company at the end of the current year

The ledger of Hixson Company at the end of the current year shows Accounts Receivable $120,000, Sales $840,000, and Sales Returns and Allowances $30,000.

  Financing of a government deficit increases interest rates

The financing of a government deficit increases interest rates also, as a result, reduces investment expenditure.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd