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inn [45]
3 years ago
11

Whitewater Rapids provides canoes to tourists eager to ride Whitewater river's rapids. Management has determined that there is o

ne chance in a thousand of a customer being injured or killed. Settlement of resulting lawsuits has an average cost of $850,000. Insurance with a $100,000 deductible is available. It covers the costs of lawsuits, unless there is evidence of criminal negligence. What is the expected loss without insurance?
Business
1 answer:
alina1380 [7]3 years ago
8 0

Answer:

Expected loss without insurance = $850

Explanation:

Given:

Probability to got injured or killed = 1 / 1000

Law suit average cost = $850,000

Deductible insurance = $100,000

Expected loss without insurance = ?

Computation of Expected loss without insurance:

Expected loss without insurance = Lawsuit average cost × Probability to get injured or killed

Expected loss without insurance = $850,000 × (1 / 1000)

Expected loss without insurance = $850

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rite a research-based argumentative essay for or against the importance of standing up to an injustice such as bullying.
Mekhanik [1.2K]

Answer:

It is important to stand up to bullying for a number of reasons. You may think it's better to not get involved but staying neutral always helps the oppressor. You should not let someone suffer and watch as someone else puts them in physical or psychological pain every day, it is good to stand up for what is right. You may even make a life-long best friend. So stand up for what's right and don't stay neutral so the oppressor can continue to victimize someone.  

Explanation:

Hope this helps! :)

7 0
3 years ago
Which two lines intersect at level of output the firm is supplying if that business is earning zero economic profits?
IgorC [24]

The average cost curve and the variable revenue curve are two lines which intersect at level of output when the firm is supplying and that business is earning zero economic profits.

If the price which the  firm is charging from customer is higher than its average cost of production for the quantity of the goods produced, then the firm will earn profits to a large extent.

Conversely, if the price which is charged by the firm is lower than its average cost of production, the firm will suffer losses.

Thus when the cost is equal to the revenue of the firm it means there is no profit at all. At this level the average cost curve will intersect the revenue curve.

To know more about marginal cost curve here:

brainly.com/question/15570401

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4 0
1 year ago
When a product is a ______, the more ______ its demand.
Dominik [7]

Answer:

oil

Explanation:

5 0
3 years ago
Read 2 more answers
Which of the following statements generates the greatest amount of disagreement among economists? a. Increases in the money supp
rjkz [21]

Answer:

d. Government should use fiscal policy to try to stabilize the economy.

Explanation:

Suggesting that the government should use fiscal policy to try to stabilize the economy generates the greatest amount of disagreement among economists because the process of implementing fiscal policy usually experiences lag as it is being slowed down by the political system (bureaucracy) of checks and balances.

Fiscal policy is the use of government expenditures, revenues and tax policies to influence macroeconomic conditions such as employment, inflation and Aggregate Demand (ADl in a specific country.

The benefits of fiscal policy is that investments, savings and growth is usually influenced in the long-run while it basically influences aggregate demand for goods and services in the short-run.

5 0
3 years ago
Funds structured to increase return through active management with the expectation of a down market are called __________.Select
Alexxandr [17]

Answer:

The correct answer is letter "C": inverse funds.

Explanation:

Inverse funds are types of mutual funds that perform in the opposite way to major indexes. For an inverse fund to increase, adverse economic situations must arise. These funds are typically pooled in inverse Exchange Traded Funds (<em>ETFs</em>) which is similar to having many short positions of different derivatives.

4 0
3 years ago
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