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Maritime Insurance Company offers insurance policies for recreational boats. A typical policy will pay the replacement cost of $25,000 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?
Illustrate what happens to the demand curve for turkey in the u.s. In November. What happens to the curve after the holiday. Why do these changes occur.
Within which sections of the production function is marginal product increasing. Explicate the link between scarcity, choice and opportunity cost
Assume that every driver faces a 1% probability of an automobile accident every year. An accident will, on average, cost each driver $10,000.
What is the company -level production function. You are currently using three printing presses and five employees to print 100 sales manuals per hour.
If Rhine Company ignores possibility that or firms may enter its market, it should set a price of $10,000 for its product, which is a power tool. Explain how can firm's manager extend planning horizon.
A concrete and building materials company is trying to bring the company funded portion of its employee retirement fund into compliance with HB-301.
Illustrate what would be the new equilibrium price of hoods to the truck manufacturer.
Describe how each of these activities affects government households as well as businesses.
Elucidate wether each of the following evens shifts the short-run aggregare supply curve, the aggragate demand curve both or neither.
Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity.
Tobies operate a small deli downtown. The deli business is monopolistically competitive.
Which of the subsequent is a Keynesian conclusion about how adjustments occur in a recessionary gap?
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