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omeli [17]
2 years ago
13

All other factors being equal, what would the premium be like in a survivorship life policy as compared to the premium in a join

t life policy?
A. half the amount
B. lower
C. higher
D. as high
Business
1 answer:
Marizza181 [45]2 years ago
3 0

Answer: The correct answer is "B. lower".

Explanation: The insurance premium is one of the central elements of the contract since it is the price that the insured pays for the coverage he receives. Its value will depend on the type of risk insured and is always fixed in advance by the insurance company. It must be sufficient for the insurer to face the insured risk, calculating that not all the insured will need the coverage, that is, statistically, there is a probability that it will happen or not.

The premium is lower in a survivorship life policy as compared to the premium in a joint life policy.

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Answer:

$12.50

Explanation:

Variable costs are those costs which changes with the change in activity driving the cost (Sales. production etc.). It can be direct or indirect costs.

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All the following costs are variable costs

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Direct materials                                   $6.45

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All the following costs are fixed costs.

Fixed manufacturing overhead         $3.00

Fixed selling expense                        $1.05

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3 0
3 years ago
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Answer:

a. firms have different costs.

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A market might have an upward-sloping long-run supply curve if

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d. the entry of new firms into the market has no effect on the cost structure of firms in the market.

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