Answer:
Velocity is important to the world.!
Explanation:
Answer:
A. costly.
Explanation:
The word marginal means costly in the field of economics. In general, the meaning of marginal is small, tiny and low. Marginal refers to the focus on the cost on the product or profit that is earned from selling of that product. Companies use marginal analysis as a tool in order to help them maximizing their profits so here in the sentence marginal refers to the cost.
Answer:
The Correct answer is B.
Explanation:
A Producer in an Insurance Company is a Consultant to members of the public in need of Insurance. A Producer is a professional Insurer/Agent who goes to markets and brokers to trade for the insured.
One of the duties of a producer is to ensure that he acts in fiduciary when handling premiums and applications for the insured. Other duties include; to monitor the increase in sales on behalf of existing clients, a Producer should be innovative by bring up new strategies to improve its clientele etc.
Fiduciary mean to " act in good faith". A Producer should always act in good faith by representing the interest of the insured at all times and to carefully monitor insurance policies.
Microeconomics can be defined as a branch of economics where the behavior of individuals and small impacting organizations are studied, where each of these decisions are allocated of limited resources. Microeconomics looks at these behaviors and investigates how it affects the supply and demand of the goods and how this affects the pricing. Macroeconomics studies the total economic activity regarding growth, inflation and unemployment and can deal with national economic policies.
