Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
There are two types of drivers on the road today: Speed Racers have a 5% chance of causing an accident per year, and Low Riders have a 1% chance of causing an accident per year. There are equal numbers of Speed Racers and Low Riders in the population. The cost of an accident is $12,000.
Suppose an insurance company knows with certainty each driver’s type. What premium would the insurance company charge each type of driver if prices are actuarially fair?
Now suppose that there is asymmetric information so that the insurance company does not know with certainty the driver’s type. Describe the insurance contracts that would be offered if no information at all is known about individual driver’s types. What if drivers self-reported their types to the insurance company?
There are 2 fishermen, Zach and Jacob, who fish along a certain coast. Both would benefit if lighthouses were built along the coast where they fish. The marginal cost of building each additional lighthouse is $25.
Discuss the various ways federal, state, and local governments attempt to promote education as equality of opportunity. What are the some positives and negatives you see in the involvement of government in the education system?
Some services marketers strongly maintain that service marketing is fundamentally different from goods marketing and that different skills are involved. Some traditional goods marketers disagree, saying, “good marketing is good marketing.”
q1. firms with costs c q2 36 face demand p 24 - nq and behave under the rules of monopolistic competition. compute
The demand for ice cream is given by QD = 20 − 2P, measured in gallons of ice cream. The supply of ice cream is given by QS = 4P− 10. Suppose that government legislates a $1 tax on a gallon of ice cream, to be collected from the buyer. As a result of..
When total extraction volumes are limited by an outside entity, such as OPEC, what happens to the price of that resource? Graphically illustrate how the resulting price and extraction paths change.
examine the following list of goods and services. which goods and services should be included in fredonia gdp in 2009
The change in equilibrium quantity will be:
The initial price of a cup of tea is $1, and at that price, 400 cups are demanded. If the price falls to $0.90, the quantity demanded will increase to 500. Calculate price elasticity of demand for tea using the midpoint formula. Calculate the (point)..
Why does nearly every purchase you make provide you with consumer surplus - compared to the short-run supply of rental housing, long-run supply.
Describe graphically why someone guaranteed an annual salary might choose to work fewer hours than someone who could earn that same amount through hourly pay.
Suppose that initially the economy is in a long-run equilibrium with no money growth, no inflation, and πe = 0%. Then, the central bank announces that, starting in the next period (t+1), the money supply will begin growing at 10%/period. What happens..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd