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3 years ago

The Business Auto Coverage Form is intended for which of the following businesses? Select all that apply.

Business

1 answer:

Karolina [17]3 years ago

4 0

Answer:

A) Owned private passenger autos

B) Mobile equipment registered to drive on public roads

D) Automobiles owned by employees used for business purposes

Explanation:

Business Auto Coverage Form is used to cover a company's autos, trucks, trailers, semitrailers and mobile equipment that are owned or used by the company.

It also covers vehicles that are not owned by the company but are used by the company's employees while doing business related activities, e.g. automobiles owned by employees and used for business activities.

It only covers mobile equipment that is registered to drive on public roads, e.g. cranes, drills, shovels, tractors, etc.

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A monopolist's maximized rate of economic profits is $2 comma 700 per week. Its weekly output is 900 units, and at this outpu

LuckyWell [14K]

Answer:

Average total cost= $46

Marginal revenue= $33

Explanation:

In this instance the monopolist's total cost is the revenue from sale of one unit less the economic profits per unit

Economic profit per unit= 2,700/900

Economic profit per unit= $3

Average total cost= (Price per unit) - (Economic profit per unit)

Average total cost= 49 - 3= $46

For this instance marginal revenue is equal to marginal cost.

Marginal revenue= Marginal cost= $39

3 0

3 years ago

True or false: the term economic investment includes purchasing stocks, bonds, and real estate.

Lapatulllka [165]

False because it doesnt invest the stocks

6 0

3 years ago

Fredrick purchased a property worth $150,000 on mortgage. He paid $30,000 as a down payment on this property. However, a recent

Eva8 [605]

Answer:

Real estate short sale

Explanation:

Real estate is defined as a piece of land and any attached property that is constructed on it.

In real estate business a real estate short sale occurs when the person that owns a property decides to sell the property at a price that is less than the amount on the mortgage.

This usually occurs as a result of financial distress of the owner.

In the given scenario the property has a mortgage value of $150,000 and down payment of $30,000 has been made.

The mortgage amount is now $150,000 - $30,000 = $120,000

However they now sell the property for $115,000 which is less than the remaining mortgage value of $120,000.

This is and example of real estate short sale.

5 0

3 years ago

A point on the production possibilities curve represents a combination of goods that is

Elodia [21]

Answer:

The correct answer is: feasible and efficient.

Explanation:

The production possibility curve or frontier shows the different bundles or combinations of two goods that be produced using the given resources and state of technology.

All the points on the production possibilities curve represent the combinations that are feasible and efficient.

The points below the curve show the points that are feasible but inefficient.

The points above the curve show the points that cannot be attained using the given level or resources and technology.

6 0

3 years ago

The ABC Co. is considering a new consumer product. They believe that the XYZ Co. may come out with a competing product. If ABC a

andrey2020 [161]

Answer:

Let X be probability XYZ offers a competing product

EMV (assembly line) = $10,000∗X+$40,000∗(1-X)

EMV (addition) = -$100,000∗X+$600,000∗(1-X)

$10,000∗X+$40,000∗(1-X) = -$100,000*X+$600,000∗(1-X)

$10,000∗X-$40,000∗X+$40,000 = -$100,000∗X-$600,000∗X$600,000

-$30,000∗X+$700,000∗X = $600,000-$40,000

$670,000∗X = $560,000

X = $560,000/$670,000

X = 0.836

ABC will be indifferent between the two alternatives if the probability that XYZ will offer a competing product is estimated to be 0.836.

ABC should invest in the addition if the probability that XYZ will offer a competing product is estimated to be less than 0.836.

7 0

3 years ago