The general conclusions that can be drawn about Eli's situation are:
- He may still be covered in some cases.
- He faces more risk than insured people do.
- He may have to take precautions but many factors are beyond his control.
- Not being able to afford insurance was a factor in him not being covered.
<h3>What is insurance?</h3>
Insurance is a coverage in case of unforeseen circumstance or unexpected situation.
Based on Eli situation he may likely be covered in some cases even though he is not insure but he is at risk more than insurance policy holders.
Therefore he faces more risk than insured people do.
Learn more Eli situation here:brainly.com/question/15638088
#SPJ1
Answer:
C
Explanation:
its either c or a , the question is not worded right on canvas
<span>359.4 to 466.6 minutes.
Looking at the problem, the value 95.44% leaps out as the percentage of data that falls within 2 standard deviations of the mean. So all you need to do is take the mean and subtract 2 standard deviations to get the lower bound, and take the mean and add 2 standard deviations to get the upper bound.
Lower bound = 413 - 2 * 26.8 = 413 - 53.6 = 359.4 minutes
Upper bound = 413 + 2 * 26.8 = 413 + 53.6 = 466.6 minutes
So approximately 95.44% of all workers work from 359.4 to 466.6 minutes.</span>
Answer:
The answer is option "iii) The relative price of yogurt increased"
Explanation:
The budget line is a function of a consumer's budget constraint. With the quantity of one good on the y axis and the quantity of the other good on the x axis, the budget line shows how much of each good the consumer can buy from a defined, limited budget.
In our example, the customer's budget is $20 which mean the customer can buy any combination of goods between the two extreme. One extreme is 10 of Yogurt ($20 budget/$2 Price) while the other extreme is 5 of cereal ($20 budget/$4 price). So the budget line is a downward sloping line from point 10 on the y axis to point 5 on the axis.
Option i) is incorrect since the increase in the price of yogurt would mean that the consumer can buy ONLY less of yogurt. It does not impact the quantity of cereal that he can buy. So the line will rotate downward along the <em><u>y axis</u></em>. The x axis will remain unchanged since the maximum amount of cereal Billy can buy remains unchanged. An outward rotation would occur only if the price of <em><u>cereal decreased</u></em>. This does not happen in this case therefore the line would not rotate outward.
Option ii) is incorrect because the marginal utility. The law of marginal utility states that the utility, or the pleasure, one gets from consuming a good decreases as more and more of the same good is being consumed. This does not happen in this case.
Option iii) is correct. This is called the<em> slope effect</em>. Since the Billy can consume less yogurt (since the price of yogurt increased), the relative price of yogurt increases while the relative price of cereal decreases. Think of relative price of yogurt as the number of units of cereal that Billy would have to forgo to consumer 1 unit of yogurt. Since yogurt has gotten expensive, Billy would have to give up more units of cereal to consumer 1 unit of yogurt.
Answer:
The answer is: Develop the research plan.
Explanation:
Once you have defined the problem, the next step is to develop a research plan. In this stage you define what information you really need to collect and how you will do it.
The most common research techniques used are:
- Interview current and potential customers.
- Conduct a survey.
- Research online.
It is very important to know exactly what you are looking for, because useless information will hurt and slow down your research.
