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sukhopar [10]
3 years ago
9

Ashley opened an all-you-can-eat buffet restaurant. the price per-person was based on what ashley believed an average restaurant

patron would consume. the restaurant began to lose money. ashley concluded that her patrons had "above average" appetites, and were attracted to her restaurant because they could eat as much as they wanted while being charged an average price. a similar phenomenon exists in insurance markets. this problem is called
Business
2 answers:
Rudiy273 years ago
7 0
<span>In the insurance market, this is referred to as adverse selection. Adverse selection is simply just a situation where the seller has information that the buyer does not have about an aspect of the product or its quality, or vice versa. When it comes to insurance, adverse selection is the likelihood of those who preform dangerous jobs or are high risk to get life insurance.</span>
Zarrin [17]3 years ago
3 0

Answer: In the insurance market, this is referred to as adverse selection. Adverse selection is simply just a situation where the seller has information that the buyer does not have about an aspect of the product or its quality, or vice versa. When it comes to insurance, adverse selection is the likelihood of those who preform dangerous jobs or are high risk to get life insurance. hope this helps )

Explanation:

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Select all that apply On November 1, 2019, Movers, Inc., paid $24,000 for 2 years' rent beginning on November 1 (assume rent is
Mariana [72]

Answer:

Rent expense of $2,000

Prepaid rent of $22,000

Explanation:

Since we were told that On November 1,2019 Movers Inc., paid the amount of $24,000 for a 2 years' rent which will start or begin on November 1 which means Movers' year-end financial statements as of December 31,2019 will show:

Rent expense of $2,000

Prepaid rent of $22,000

The rent expense of $2,000 is calculated as

(1÷12*$24,000)=$2,000

The prepaid rent of $22,000 is calculated as

$24,000-$2,000

$22,000

8 0
2 years ago
Economic theory offers ____________________ about the full range of possible events and responses, which can prevent ___________
Artyom0805 [142]

The correct answers to fill in the blanks are:

“a systematic way of thinking”

and

“misguided conclusions”

<span>Economics uses theories and extensive research to determine the flexibility of two most important factor, price and demand on a household. Economics helps us answer the how and the why of the financial side of the country.</span>

5 0
3 years ago
An experiment consists of measuring the speed of automobiles on a highway by the use of radar equipment. The random variable in
nalin [4]

Answer:

Continuous random variable

Explanation:

Continuous random variable is the one of the random variable which is defined as where the data could take infinitely many values for the variable.

For example, the random variable evaluates the time taken for doing something which is to be done or performed on continuous basis as there are infinite number of the possible times could be taken or consider.

So, in this case, the experiment comprise of evaluating the automobile speeds on the highway. Under this experiment, it have the infinite number. Therefore, this a continuous random variable

3 0
3 years ago
Managers do not need to motivate employees to want to do their jobs efficiently and effectively.
Zielflug [23.3K]
False because I believe it is
7 0
2 years ago
Professional etiquette suggests you should send a(n) ____ to each person who agrees to meet with you in support of your career e
olchik [2.2K]

Answer:

handwritten thank-you note

Explanation:

Professional etiquette can be regarded as ways of being able to live comfortably when with people and making them comfortable when they are arround you. They are general

guidelines as well as behavior that are needed in professional setting. It should be noted that Professional etiquette suggests you should send a

handwritten thank-you note to each person who agrees to meet with you in support of your career exploration.

5 0
3 years ago
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