When you take out an insurance policy your monthly premium is the amount you pay each month to keep your insurance. In this case, the $200 a month premium allows you to file a claim if something were to happen because you are paying for the insurance services. When you set up your premiums they will base your monthly service rates off of your deductible amount if you need to file a claim. The out-of-pocket for a car accident with a deductible of $700 is $700. Once the deductible is paid, the insurance will pay out for the damage.
Answer:
Correct option is D.
<u>Producing cars and trucks
</u>
Explanation:
Economies of scope is an economic theory stating that the average total cost of production decreases as a result of increasing the number of different goods produced. Here car and trucks are similar types of objects.
Answer: 407
Explanation:
Given the following :
Auto insurance (A) = 243
Homeowners insurance (H) = 207
Life insurance (L) =?
LnH = 55
AnH = 96
AnLnH = 32
total number of the agent’s policyholders who own at least one of these three insurance products = 407
I believe the correct answer from the choices listed above is option C. During an OSHA inspection, you <span> have the right to talk to the inspector privately. Hope this answers the question. Have a nice day. Feel free to ask more questions.</span>
Answer:
Increase in weakly revenue = $9.8
Explanation:
Price (P) = 100, Demand or Sales N (P) = 120.
So revenue R(P) = P x N(P) = 120 x 100 = 120000
Given : 2 sales per week lost for 10 units increase in price.
New price (P') = 110 , New Demand or sales N' (P) = 118
So new revenue R' (P) = P' x N' P = 110 x 118 = 12980
Change in Total revenue due to 10 units price rise = 12980 - 120000 = 980
So, change in total revenue due to one unit price rise = 980/ 10 = 9.8
