Answer:
Disability benefit = $5,040
Explanation:
Given:
Pay off per week = $600
Insurance coverage = 70 percent = 0.70
Waiting period = 4 week
Computation of disability benefits:
Disability benefit = Per Week benefit × Total Number of Covered weeks
= (Insurance coverage × Pay off per week) × (off work - Waiting period)
= (0.70 × $600) × (16 - 4)
= $420 × 12
= $5,040
Answer:
C. Scenario Analysis
Explanation:
Scenario Analysis is analysis of computing the Net Present Value by changing various variables, that is change in values of Sales, Variable Cost, Revenue, Cost of project and various other things. Basically it measures the Net Present Value with respect to various factors associated with calculating the net present value, as Jamie is calculating Net Present Value with different factors, that is in different scenarios, it is called Scenario Analysis.
Answer:
(B) the demand curve shifts leftward while the supply curve stays the same.
Explanation:
"Substitutes are goods where you can consume one in place of the other. The prices of complementary or substitute goods also shift the demand curve. When the price of a good that complements a good decreases, then the quantity demanded of one increases and the demand for the other increases. When the price of a substitute good decreases, the quantity demanded for that good increases, but the demand for the good that it is being substituted for decreases. "
Reference: Khan Academy. “Price of Related Products and Demand.” Khan Academy, Khan Academy, 2019
