The figure shows the market for auto insurance.Progressive Auto Insurance offers applicants to temporarilyinstall its Snapshot device to monitor driving habits prior tosigning up for insurance. This practice should result inpaying a premium ofPremium (dollars per year)MCRiskyper year.900O A. 100 million safe drivers; $900700B. 120 million safe drivers; $700MCsafeC. 80 million unsafe drivers; $900500D. 100 million drivers; $700O E. 80 million safe drivers; $500100120Policies (millions)80O O O

Premium (dollars per year) The figure shows the market for auto insurance. Progressive Auto Insurance offers applicants to temporarily install its Snapshot device to monitor driving habits prior to signing up for insurance. This practice should result in paying a premium of MCRisky per year. 900 O A. 100 million safe drivers; $900 700 B. 120 million safe drivers; $700 MCSaf C. 80 million unsafe drivers; $900 500 D. 100 million drivers; $700 D. O E. 80 million safe drivers; $500 80 100 120

Premium (dollars per year) The figure shows the market for auto insurance. Progressive Auto Insurance offers applicants to temporarily install its Snapshot device to monitor driving habits prior to signing up for insurance. This practice should result in paying a premium of MCRisky per year. 900 O A. 100 million safe drivers; $900 700 B. 120 million safe drivers; $700 MCSaf C. 80 million unsafe drivers; $900 500 D. 100 million drivers; $700 D. O E. 80 million safe drivers; $500 80 100 120

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter20: The Problem Of Adverse Selection Moral Hazard

Section: Chapter Questions

Problem 3MC

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ent-4.docx cetumentGrp Assignment 4. Saved to this Pd v Layout References Mailings A A™ | Aa- | Ap -I A. DA = = = |- |- B demand. daho Review if necessary. Paragraph View ENT Help For a particular video game, the company sells 160 (thousand) copies of the game when the (thousand) copies of the game. price of the game is $55. However, when they change the price to $45, the company sells 240 1 AaBhCcDdi AaBbCcDdi AalbC Đới 1 List Para... Normal 1 No Spac.... Styles a. As part of the process of finding the price elasticity of demand, what is the percent change in quantity using the midpoint method? Round your answer to 4 decimal places ECON 150: Microeconomics b. As part of the process of finding the price elasticity of demand, what is the percent change in price using the midpoint method? Round your answer to 4 decimal places if necessary. C. Using parts a and b, calculate the price elasticity of demand. Round your answer to 2 decimal places if necessary. Four
An insured becomes disabled on March 1 and submits a claim statement to the insurance company on March 31, while still disabled. The company fails lo remit payment promplly and the insured decides to seek legal advice. The earliest date the altorney may lake legal action agains lhe insurance company is: A.April 30 B.May 16 C.May 31 D.June 15
4. Anentrepreneurintends to sell his product for 6.4$ each. The daily cost or expenses can be expressed as x+9.1+.11x^2, wherexis the no. of product sold daily. Find the no. of products that will maximize the profit per day.
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A customer has purchased one pack of 100 pairs of disposable face masks. The price of the second pack is $45, and the burer estitnated its net benefit from buying this second pack to exceed $50 What should the buyer do? Select one O a The buyer should not buy the second pack as buying the second packiwitl increase total benetts by less than total costs b. The buyer should not buy the second pack as buying the second pack will increase total benefits by more than total costs OC The buyer should buy the second pack because the marginal beneft of the second packit so igh that ts marginat cost does not mater umy more d. The buyer should buy the second pack because the marginal benefit of the second pack exceeds the marginal cost
How Does the Cost of Health Insurance Premiums Vary By Aqe? NGPF Next Gen Pe sonal Finance Data Crunch Insurance Monthly Health Insurance Premium - Silver Tier Plan Average Cost of a Silver Policy by Age $1,200 $1,123 $1.050 $1,016 $900 $835 $750 $668 $600 $540 $457 $478 $450 $425 $374 $376 $300 $150 $0 21 25 30 35 40 45 50 55 60 64 Age ValuePenguin Monthly Premium 1. What is the ANNUAL premium for an individual who is 21 years old? 2. Between what two ages does the largest percentage change in premium occur? рок 1 DOK 1 3. How would you summarize the data in this chart in one sentence? DOK 2 4. If this same data were reported for car insurance, instead of health insurance, would the graph look similar? Why or why not? 5. If this graph were to continue outward, for individuals over 64, describe what you think the bars that follow would look like. www.ngpf.org Last updated: 7/8/20 Monthly Premium
2. Describe the attributes of information quality and how they impact transportation decision making.
Suppose seller decreas price by 10% then hiw total revene will affect when ed =1.5 or ed=0.5 or ed=1
Pind Consumer Egulibaium Inume the consumer is oMR 40. Prie a OMR 5 and Paice ņ Books is OMR ID. CDs is TB Ob Gty r CDs TB % Boo ks CDs Book 140 Y00 360 2 260 360 440 620 4
The Al-Habsi family owns a big farm in Rustaq. Three choices exist for how to use the farm: i Grow garlic, where garlic yield wouid be 70.bags per acre. The price of garlic is RO 3.5 per bag and production costs are RO140.per acre (Pxa) - pnduhun =( 1.5 X70)-140= 105 RO- rwenue ii. Grow cucumber, where cucumber yield would be S0 bags per acre. The price of cucumber is RO 2,5.per bag and production costs are RO150 per (2.5xs0) - 150, -25RO loves acre iii. Lease/rent out the acres to Mr. Al-Kindi (a neighbor) who will pay RO 80 per acre. With the lease/rent option the Al-Habsi family would still have expenses of RO 35.per acre. Based on the information above, answer the following questions: 80-15- 45Ror tue O Which alternative should the Habsi family undertake? Why? Q. Given your answer above, what is the Habsi's opportunity cost per acre? (Ed What is the total economic cost pèr acre for your answer?
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bartleby.com Tube ter Microeconomics 569, 18353 4 Maps 2 СЛ 5 10 11 V Moc Exam 1 - Chapters 1-3, 5-6 re. 42% (18/43) mpletion: 64% (9/14) ype here to search # 6 12 D 3 E 8. Chapter 6 - Consumer Choice OPEN $ 3 R F X Practice similar % CO Exam 1 - Chapters 1-3, 5-6- X = 6.2 How Changes in Income X 00 Chapter 6 - Consumer Choic X 5 to find the Total Utility for each The table below shows the marginal utility of consuming different quantities of Peaches. Use the information below quantity. O E T G Y H & Quantity 0 1 2 M U J a 31 hp 16 00 Total Utility 0 I 1 ( fo O Marginal Utility fi P 31 19 14 5 3 { + [ delete home X :