Answer:
The person examined.
Explanation:
The California insurance code
This Insurance Code is known as a set of statutes set up by the state legislature and is responsible for the regulation of the business of insurance in California. The Commissioner does not have the authority to change the Insurance Code and only the state legislature has the authority to write or amend the Insurance Code.
The Insurance Commissioner
This office is elected by the people and usually serve up to two 4-year terms. The Commissioner's term runs concurrently with that of the Governor. The Commissioner has the authority to conduct examinations of an agent or insurer's books and records at any time.
The Insurance Commissioner's Duties and Responsibilities
1. File and keep all books and papers as required by law
2. Responsible for the Issue of Certificates of Authority to companies that meet the requirements of state law
3. Issue, refuse, revoke or suspend licenses or Certificates of Authority etc.
Answer:
Average total cost = $39
Marginal revenue = $32 per unit
Explanation:
The computation of average total cost and marginal revenue is shown below:-
Average total cost = Selling price - (Economic profit ÷ Weekly output)
= $42 - ($1,500 ÷ 500)
= $42 - 3
= $39
Marginal revenue = Marginal cost
So,
Marginal revenue = $32 per unit
Therefore for computing the average total cost and marginal revenue we simply applied the above formula.
Answer:
$1000
Explanation:
Given the policy coverage = $30000
The amount of deductible = $1000
Total damage of the car when the accident occurred = $6200
Below is the calculation to find the amount that Frank has to pay:
The amount payable by Frank out of pocket = Deductible amount
The amount payable by Frank out of pocket = $1000
John Little is known for his queueing theory which is basically a theory on the probability of a customer waiting in the same line. This is applicable in every establishment that does first come, first serve basis. The probability of a person staying in line, and not changing to other lines, is expressed by the so-called Little law. It states that the average number of customers in the waiting line is equal to the average effective arrival ate multiplied with the average time that the customer spends in the waiting line. This law is very useful and valid because it does not count into factors the miscellaneous things like process distribution, service distribution, service order, etc.
Answer:
The correct answer is letter "B": False.
Explanation:
Economic incentives are the factors that drive people to react in a certain form. It allows individuals to go after their preferences. However, external factors can also push people to act in one way or another. Those factors could be inflation, low job opportunities or unplanned major events like war.
