The equilibrium price and quantity of a good are found where the supply and demand curves intersect.

Kevin, who has liability limits of $20,000/$40,000/$20,000 and a $500 collision deductible, is involved in an accident. Due to h

harina [27]

Answer:

Amount to pay by PAP = $39,600

Explanation:

The liability limits of $20,000/$40,000/$20,000 implies that the highest amount PAP will pay for driver's injuries is $20,000, while the highest to pay for the first of two passenger is $40,000 and $20,000 for second passenger.

Since the a passenger received injuries worth $12,500, and another passenger received injuries of $7,100, the PAP will the actual amount and $20,000 for the driver's injuries. The total can therefore be calculated as follows:

Amount to pay by PAP = $20,000 + $12,500 + $7,100 = $39,600

4 0

3 years ago

Viral marketing messages have a higher chance of being opened because they come from a _____________.

sleet_krkn [62]

When it comes from a friend, these viral marketing messages could yield to a much higher chance of being opened and exposed. By definition, a viral marketing is a common method used in the marketing industry wherein the company would request people, mostly in social media, to share their products.

7 0

4 years ago

Which of the following is a capital resource? a. A computer programmer. b. A corporate bond issued by a computer manufacturer. c

Furkat [3]

Answer:

The answer is B. corporate bond issued by a computer manufacturer

Explanation:

Capital in business is the money committed to the business by its owner or owners. Capital can also be from a borrowed fund e.g loan

Bond is a long term loan issued to finance a capital project.

Therefore, the corporate bond issued by a computer manufacturer is a capital.

Option A which is a computer programmer is a human asset.

Option C is an inventory (Current assets). This is used to make computer chips.

Option D is an asset

6 0

3 years ago

Consider the market for labor depicted by the demand and supply curves that follow. Use the calculator to help you answer the fo

vekshin1

Answer:

Suppose a senator considers introducing a bill to legislate a minimum hourly wage of $12.50.

Wage Labor Demanded Labor Supplied

$12.50 375,000 625,000

This will result in a surplus of labor (625,000 higher than 375,000)

Which of the following statements are true?

Binding minimum wages cause structural unemployment. As with all price floors, a deadweight loss results, because the quantity supplied is much greater than the quantity demanded. In this case, the price of labor is the wage, and the deadweight loss = structural unemployment
In the absence of price controls, a surplus puts downward pressure on wages until they fall to the equilibrium. Since a labor surplus exists, the price of labor should start to decrease in order to match the equilibrium price.
If the minimum wage is set at $12.50, the market will not reach equilibrium. The quantity supplied of labor is much greater than the quantity demanded for labor resulting in a surplus.

6 0

4 years ago

Jessica’s credit card is on a 30-day billing cycle, and it computes finance charges using the adjusted balance method. The follo

Tom [10]

The adjusted balance of Jessica for the month of October is $ 1033.76. In this method, monthly payment is deducted from the unlock balance, and purchase is not included in the balance.

<h3>What is the adjusted balance method?</h3>

With the adjusted balance method, the credit card company starts with the balance from the end of the last payment cycle and withdraws any payments made, and adds any credits sent to the account during the current cycle.

In the given information, to calculate the adjusted balance we will deduct the payments made from the beginning balance and ignore the purchases made for the month:

$= \$\,1,240.55 - \$\,75.00 - \$\,131.79\\\\= \$\,1033.76$

Hence, The correct answer is Option B.

To learn more about adjusted balance method, refer to the link:

brainly.com/question/11355738

7 0

3 years ago