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2 years ago

You are responsible for an automobile accident. Use the information below to determine:

1 answer:

3 0

The total amount your liability insurance will pay is $25,000 and the total amount your collision insurance will pay for the accident is $24,500.

<h3>Insurance</h3>

1. Total liability to pay

Total liability to pay= Car value at $25,000 repair + Car value at $20,000Repairs

Total liability to pay=$10,000+$15,000

Total liability to pay=$25,000

2. Total collision amount to pay:

Total collision=$25,000-$500 (Deductible)

Total collision=$24,500

3. The amount of additional damages you are responsible for as a result of the accident is $0.

Therefore the total amount your liability insurance will pay is $25,000 and the total amount your collision insurance will pay for the accident is $24,500.

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what happens when the price of a good increases holding everything else constant? producer surplus decreases consumer surplus de

Diano4ka-milaya [45]

Consumer surplus drops when a good's price rises while keeping everything else constant.

<h3>What is consumer surplus ?</h3>

Consumer surplus is a financial estimate of the benefits that consumers receive from market competition. When customers pay less for a good or service than they would be willing to, this is known as consumer surplus.It measures the extra benefit that consumers get from paying less for something than they would have been prepared to.

In order to quantify the social advantages of public goods like national highways, canals, and bridges, the idea of consumer surplus was created in 1844. It has been a crucial tool for welfare economics research and government tax policy development.

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1 year ago

Capitation creates an incentive for the provider to render as many services as possible since revenues have already been collect

uranmaximum [27]

true, Capitation creates an incentive for the provider to render as many services as possible since revenues have already been collected.

<h3>What is Capitation?</h3>

Capitation is a payment system for health care providers. It pays a set amount for each enrolled person assigned to them over a set period of time, regardless of whether that person seeks care or not.

Capitation models are classified into three types: primary care, secondary care, and global capitation.

Managed care organizations use capitation payments to control health-care costs. Capitation payments limit the use of health-care resources by putting physicians financially at risk for services provided to patients.

Fee-for-service (FFS) means that providers bill and are paid for each medical service provided - whether it is a physician visit, a test or intervention, or a hospital day. Capitation means that providers are paid a monthly fee per beneficiary for all or some services (e.g., primary care).

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2 years ago

The biggest problems with producing too much are lost sales and customer dissatisfaction.

Kisachek [45]

The correct option is "a". The given statement is true.
When there is not much demand and you produces a lot, it will affect the quality of the product and that leads to customer dissatisfaction. When the production is according to sale, and the quality is good the customers will automatically satisfied with the product.

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4 years ago

Match each business function with its description

KATRIN_1 [288]

<u>Operations:</u> readies products and services for production and delivers them to market

<u>Marketing</u>: finding, targeting, attracting and connecting with the right customers

<u>Finance</u>: debt, stock, and owner's funds

<u>Strategy</u>: Deals with challenges in the ever-changing marketplace

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4 years ago

When the overall level of goods and services available remains constant?

MAXImum [283]

It is called economic stability.

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3 years ago