Answer:
Statistics is used to determine what risk an insured poses to an insurance company, what percentage of policies is likely to pay out, and how much money a company can expect to pay out in claims
Answer: c. They would do better charging $15 than $10.
Explanation:
It is given that Max and Maddy total cost of car parking remains the same, that is it does not matter whether they have seven or five cars parked on their lawn. So, since total cost is constant, Max and Maddy's decision would depend on total revenue.
Total revenue from charging, $10 is $70,
Total revenue from charging $15 is $75.
Since, total cost is constant, Max and Maddy will choose to charge $15 since it is giving them $5 more.
The appropriate response is a Horizontal merger. An even merger is a merger or business union that happens between firms that work in a similar space, as rivalry has a tendency to be higher and the cooperative energies and potential picks up in piece of the pie are considerably more prominent for consolidating firms in such an industry.
Answer:
Option D amount received by sellers minus the cost to sellers.
Explanation:
The producer surplus is the difference between the amount that the seller actually received and the amount the seller wants to receive.
Producer Surplus = Amount actually received by the seller - Amount the supplier wants to receive
All the remaining options discusses buyer influence which shows that these are totally incorrect and the only option that is correct is option D.
Answer:
D) The normal balance of an expense account is a credit.
Explanation:
We know that
The debit sections report assets and expenses side while sales, stockholder equity, and the liability side are reported in the credit section.
So as per the given options, the incorrect answer is D as expense account has a debit balance but the question it is given that the expense account has a credit balance that is totally wrong.
