A person who doesn't lock doors or fix leaks presents morale hazard.
<h3>What is morale hazard?</h3>
It refers to an unconscious attitude of an individual who is indifferent to the loss of their personal property that is covered by insurance, since the insurance could cover the damages that have occurred.
Therefore, morale hazard is the change in behavior that comes from the subconscious, generating indifference about the loss of goods because they are covered by insurance.
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The efficiency of this particular machine is 96.25%.
<h3>
Who is the manufacturer?</h3>
- A manufacturer is a person or a registered corporation that produces finished goods from raw materials in order to profit.
- Following that, the goods are delivered to wholesalers and retailers, who subsequently sell to clients.
- The products are displayed by sellers in physical stores or on third-party eCommerce platforms.
<h3>To find the efficiency of this particular machine:</h3>
The mechanical efficiency = actual work / ideal work
So ζ = 1540 / 1600 × 100%
= 96.25%
Therefore, the efficiency of this particular machine is 96.25%.
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Answer:
her accounting profits are less than her implicit costs
Explanation: