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2 years ago

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Which question can best help a consumer assess risk when purchasing insurance? How much must be paid to make a claim? What probl

ems are most likely to happen? What are the possible payouts on a claim? How much are the monthly premiums?

2 answers:

Misha Larkins [42]2 years ago

5 0

Answer: the answer is : What problems are most likely to happen?

Explanation:

erik [133]2 years ago

3 0

Answer:

b

Explanation:

You might be interested in

Match each type of tariff with an example of its use.

Anna35 [415]

a. revenue tariff----------------a 6% tariff on oranges to provide money for the government.

Revenue tariff alludes to a set of rates planned for expanding public revenue. It can likewise be said as a tax exacted on import and fare to fund-raise for the government. Revenue tariff is any schedule or arrangement of rates or changes that are proposed to create income for the government.

b. protective tariff---------a 50% tariff on oranges to shield domestic orange growers from international competition.

Protective tariffs are tariffs that are established with the point of ensuring a domestic industry. Tariffs are likewise forced keeping in mind the end goal to raise government income, or to decrease a bothersome action. In spite of the fact that a tariff can all the while secure household industry and procure government income, the objectives of assurance and income augmentation recommend distinctive duty rates, involving a trade off between the two points.

c. retaliatory tariff-----------a 200% tariff on oranges to reply to a high tariff imposed by another country.

Retaliatory tariff refers to a tariff imposed as a methods for constraining a foreign government and expected to urge the give of correspondence benefits.

Retaliatory tariff is a tariff imposed to pressure another nation into evacuating its own tariffs or making exchange concessions.

6 0

2 years ago

Which option best describes the word ethical?

weeeeeb [17]

What are the options, sir?

Ethical usually means what is right, or morally right. For example, killing someone isn't ethical, but helping an elderly person up from falling would be the ethical thing to do.

7 0

2 years ago

Which costs will change with a decrease in activity within the relevant range? Select one:

Harman [31]

Answer:

The correct answer is option b.

Explanation:

The fixed costs refer to that part of the cost of production which is not affected by the volume of activity. The total fixed cost remains constant in the entire production process.

The fixed cost per unit is the ratio of total fixed costs and the level of output. It increases with a decrease in level of activity.

The variable cost is the cost incurred on the variable inputs employed in the process of production. As the level of activity declines the number of variable factors employed will also decline. This will cause the total variable cost to decrease.

6 0

2 years ago

The selling of a product for a price below its cost of production is called

kondaur [170]

Answer: Dumping

Explanation: it is called dumping.

6 0

2 years ago

Professor Smith and Professor Jones are going to produce a new introductory textbook. As true scientists, they have laid out the

stepan [7]

Answer:

(a) It will take Jones 25 hours to produce a finished book of 150 pages

(b) The marginal cost of the 150th page of the finished book is $4

The marginal cost of the 300th page of the finished book is $8

Explanation:

q= $S^{1/2}$ $J^{1/2}$ = $\sqrt{SJ}$

q = the number of pages in the finished book

S = the number of working hours spent by Smith

J = the number of hours spent working by Jones.

For first draft, smith works for 900 hours at $3 per working hour

q = $\sqrt{900J}$

q= $\sqrt{900}$ × $\sqrt{J}$

q = 30 × $\sqrt{J}$

$\frac{q}{30}$ = $\sqrt{J}$ , squaring both sides we have,

( $\frac{q}{30}$ )² = J

(a) Since Jones has to produce a book of 150 pages and Smith worked 900 hours on it,

q = 150, S = 900 , J = ?

J = ( $\frac{150}{30}$ )² = 5²

J = 25

Therefore, it would take 25 hours for Jones to produce a book of 150 pages.

(b) ( $\frac{q}{30}$ )² = J

Since Smith worked for 900 hours at $3 per working hour, his total cost of work is = 900 × $3 = $2,700.

Jones total cost of work at $12 per working hour = $12J

Total cost of work, C = $2,700 + $12J

C = $2,700 + $12( $\frac{q}{30}$ )²

Marginal cost, MC = $\frac{dC}{dq}$

= $\frac{d}{dq}$ [$2,700 + $12( $\frac{q}{30}$ )²]

= $\frac{4q}{150}$

if q = 150, MC = $\frac{4*150}{150}$

= $4

if q = 300, MC = $\frac{4*300}{150}$ = $8

6 0

2 years ago