The answer is: <span>, the blower should be operated after refueling and before starting the engine
In a boat, the blower's function is to safely remove the residual from the fuel that is used to move the boat.
If we do not start the blower properly, there is a chance that our boat could explode while in the middle of operation.</span>
The cost that would relevant in the choice of a new car is the the cost to operate the new vehicles.
<h3>What cost would be relevant?</h3>
The cost that would be relevant in the choice of a new car is the cost that is dependent on the type of car chosen. The cost to operate the new car would depend on the type of car chosen. If George buys a more fuel efficient car, the cost of running the car would be cheaper.
To learn more about cost, please check: brainly.com/question/27127934
Answer:
a) $2000
b) $1,886.7925
C) $2,036.7925
Explanation:
First, the question states to determine the expected claim cost per policy
Expected Claim Cost represents the fund required to be paid by an insurer for a particular contract or a group of contracts as the case maybe. This is usually based on the policy taken.
A) Expected Claim Cost per policy
= (Policy Loss Value A x its probability) + (Policy Loss Value B x its probability) + (Policy Loss Value C x its probability)+(Policy Loss Value D x its probability)+ (Policy Loss Value E x its probability)
= ( (100000 x 0.005 )+ (60000 x 0.010) + (20000 x 0.02) + (10000 x 0.05) + 0 = $2000
Part B: discounted expected claim cost per policy
Since, the sum of $2000 is expected to be paid by the insurer by the end of the year, the interest to be earned based on the rate (discounting used)
=$2,000 ÷ (1 + 0.06)
= $1,886.7925
Part C:: Determine the Fair Premium
Fair Premium is calculated as follows
The discounted policy claim cost + the Processing Cost per application + The fair profit loading
= $1,886.7925+ $100+50 = $2,036.7925
Given the table below
![\begin{tabular} {|p {1cm}|p {1.4cm}|p {1.4cm}|p {1.5cm}|p {1.4cm}|p {1.4cm}|} {Price per hour&Quantity Supplied by Ann&Quantity Supplied by Bob&Quantity Supplied by Carlos&Market Quantity Supplied&Market Quantity Demanded\\[1ex] \$50&94&35&19&148&5\\ 45&93&33&14&140&8\\ 40&90&30&10&130&11\\ 35&81&27&6&114&16\\ 30&68&20&2&90&22\\ 25&50&12&0&62&30\\ 20&32&7&0&39&39\\ 15&20&0&0&20&47\\ 10&10&0&0&10&57 \end{tabular}](https://tex.z-dn.net/?f=%5Cbegin%7Btabular%7D%0A%7B%7Cp%20%7B1cm%7D%7Cp%20%7B1.4cm%7D%7Cp%20%7B1.4cm%7D%7Cp%20%7B1.5cm%7D%7Cp%20%7B1.4cm%7D%7Cp%20%7B1.4cm%7D%7C%7D%0A%7BPrice%20per%20hour%26Quantity%20Supplied%20by%20Ann%26Quantity%20Supplied%20by%20Bob%26Quantity%20Supplied%20by%20Carlos%26Market%20Quantity%20Supplied%26Market%20Quantity%20Demanded%5C%5C%5B1ex%5D%0A%5C%2450%2694%2635%2619%26148%265%5C%5C%0A45%2693%2633%2614%26140%268%5C%5C%0A40%2690%2630%2610%26130%2611%5C%5C%0A35%2681%2627%266%26114%2616%5C%5C%0A30%2668%2620%262%2690%2622%5C%5C%0A25%2650%2612%260%2662%2630%5C%5C%0A20%2632%267%260%2639%2639%5C%5C%0A15%2620%260%260%2620%2647%5C%5C%0A10%2610%260%260%2610%2657%0A%5Cend%7Btabular%7D)
From the table it can be seen that at the price of $20, the quantity supplied is equal to the quantity demanded equal to 39.
Also notice that at that price, Carlos is not supplying any service.
Therefore, the equilibruim price <span>of tutoring services be if Carlos decided to stop tutoring is $20.</span>
Hi there!
<u>Information:</u>
<u>First, allow us to observe what an "economic factor is".</u>
- An economic factor is data taken out of market and economy.
- Economic factor may include certain costs. And these costs well be in our answer.
<u>Problem-Solving / Answer</u>
<u>Now, we figure out what economic factors we can find.</u>
<u>Tax rates</u> - tax rates can include an Economic factor.
<u>Laws</u> - Laws are a known economic factor.
<u>Unemployment</u> - Big one, at this time due to COVID-19, unemployment rates are flying off the charts. This is an example of an economic factor.
Important Keywords;
- Data ; <u>Data can be information taken from a place, for example, you have taken data from a chart.</u>
<u>Learn more:</u>
<u>Push factors: brainly.com/question/13553564</u>
<u>Economic growth: brainly.com/question/13023127</u>
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