<span>If it is revised during 60 days prior of the effective date it is ok. This provision is broader when it comes to personal lines than a commercial coverage plan would be. Generally, commercial policies have a time period of 45 days unless the state applies an exception. For dwellings, 60 days would be correct.</span>
Answer:
0
Explanation:
Cross price elasticity of demand measures the responsiveness of quantity demanded of good B to changes in price of good A.
The increase in price of product A has no effect on the quantity demanded of product B. Therefore, the cross price elasticitiy is zero.
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The given statement " The most appropriate match between type of product and type of process occurs as one moves away from the diagonal in the product-process matrix " is FALSE
Explanation:
An object is a tangible product which can be marketed or used to meet internal company specifications to external consumers. A method is systemic For example – a procedure can be used in order to create a commodity.
Different objects are clustered together in a process configuration.
Process models are suitable for small businesses that do not need a single product. All unit, equipment, and machines according to how a product is made are placed in a design layout.
Answer:
Explanation:
A $60,000 increase in investment in subsidiary
Answer:
- $250
Explanation:
The computation of the economic profit is shown below:
= Total revenues - explicit cost - implicit cost
where,
Total revenues = Explicit revenue × implicit revenue
= $15 × 50 items
= $750
Explicit cost = $200
Implicit cost = $20 × 40 hours = $800
Now put these values to the above formula
So, the value would be equal to
= $750 - $200 - $800
= - $250