What is the income elasticity of demand in problem 6, and what type of product apple is based on this information? Q9 O 9/2, normal O 2/9, necessity O-9/5, inelastic O -1/9, inferior. O All the other answers are wrong.

: Suppose that Charlene has an income of $110,000 per year and that there is a 1 QUESTION in 5 (20%) chance that she will get sick in a given year. Let's suppose that the cost of the illness (in terms of lost work time and medical bills) is $80,000 which leaves her with an income of only $30,000 in that particular year. Utility UHealthy UE = UR Usick $30,000 $88,000 $94,000 $110,000 Income a) What is the actuarially fair premium for Charlene's situation? b) Continue to assume the given information. Suppose that the figure above represents Charlene's utility over various income levels. What is Charlene willing to pay for insurance? c) Continue to assume the given information. We know that Charlene would buy actuarially fair insurance but if the insurance company applied a 20% loading fee would Charlene still purchase the health insurance?

ABE Question 22 In order to pay the reparations imposed on it after World War I, the Weimar Republic printed large amounts of currency in order to purchase foreign currencies that were an accepted form of payment. This led directly to A massive inflation massive deflation. increased interest rates. decreased interest rates. ©2021 Illuminate EducationTM, Inc. . 9:47 -> backsp %23 16 7 08. 3.

There are 300 individuals in Latvaria. Of these, 75 are younger than 16, 5 are in prison, and 20 are in the hospital (there is no armed forces in Latvaria). There are 110 employed individuals and 10 unemployed individuals. What is the LFPR, expressed as a percentage (DO NOT INCLUDE THE PERCENT SIGN IN YOUR ANSWER. ROUND YOUR ANSWER TO THE NEAREST WHOLE NUMBER)?

In October 2015, amid rising fears about the security of credit card transactions, financial institutions and businesses made the transition to using chip cards. Unlike the quick swipe of a magnetic stripe on the back of traditional credit and debit cards, chip cards have to be left inside the terminal while the embedded chip verifies the transaction. While there is no consistent method for measuring transaction speed, news agencies report average chip speeds of anywhere from 8 seconds to 13 seconds. The switch to chip readers was precarious, with many businesses taping over the chip card slots in the terminals until the kinks were worked out. Even after a year, some businesses still could not process chips and continued to utilize the magnetic stripe for transactions. Financial institutions thought the additional security benefits of the chips would overshadow the added wait times. Yet a survey conducted by Harbortouch, a leading point-of-sale company, in 2016 showed that nearly four…