<em>Answer:</em>
<em>Answer:Insurance policies offer protection against economic loss, that is, loss or damage which can be measured in purely financial terms and compensated by money. When you buy homeowners property insurance.</em>
Explanation:
<em>When you buy homeowners property insurance, for example, you are insuring only the economic value of the home, i.e., the cost to repair or rebuild it.</em>
It seems that you have missed the necessary options in order for us to answer this question so I had to look for it. Anyway, here is the answer. Suppose smith wants one ipod no matter what the price is between $0 and $150, jones wants one ipod no matter what the price is between $0 and $200, and young wants one ipod no matter what the price is between $0 and $250. In this case, each individual buyer's demand curve will be VERTICAL <span> and the market demand curve will be DOWNWARD SLOPING. Hope this helps.</span>
Answer:
The answer is option C. car owners wanting car repairs and supply represented by automotive and glass repair and replacement companies.
Explanation:
After earthquakes hit the California coast and damaged tens of thousands of cars, there was a growing demand and need for automotive repair, glass replacement, dent repair and repainting.
Demand is a good or service that consumers are willing and able to purchase at various prices during a given period of time.
In this situation, the car owners are wanting car repairs will be willing to purchase glass and other damaged parts of the car, as well as pay for the services of repairs.
While the automotive and glass repair and replacement companies will handle the supplies and repairs.
The content areathe point of zero profit is called the: Break-even point.
<h3>
What is the Break-even point?</h3>
- By dividing the fixed production costs by the price per unit less the variable production costs, the breakeven point is determined in accounting.
- The production level at which a product's expenses and revenues are equal is known as the breakeven point.
- When an asset's market price equals its initial cost, this is referred to as reaching the breakeven point in investment.
- There are several circumstances in which breakeven points might be used.
- Traders also use BEPs to analyze deals, calculating the price a security must reach to precisely pay all trade-related expenses such as taxes, commissions, management fees, and so forth.
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