They generally take in more in premiums than they pay out.
Answer:
$ 9,387.50
Explanation:
An asset is any item that the owner considers valuable.
Shares , the cars and figurines are assets as Latoya can attach a value to them.
Total value of the shares = 50 x 35.75 = 1, 787.5
Value of the car = $5,600
Figurines = $ 2,000
Total value of assets = 1,787.50+ $5,600 + $2,000
=$ 9,387.50
Answer: Major part of share should be given to henry and the rest should be given to other children.
Explanation: In the given case, Henry is going to get divorced next year hence if he gets to have his part of share today, he have to split the half with his wife after the divorce.
Thus, Anna and John should gift the major part to Henry as he is suffering from financial crisis and leave the remaining portion for other two kids. Also the division should be done only after the divorce of Henry and as a gift so that he did not need to pay the tax.
The demand for the coffee will decrease with the rise in the fee because of decrease in the money in hand of the student.
<u>Explanation:</u>
Demand of a particular product is related to many factors. Some of the factors affecting the demand of a good are price of the good, income of the consumers, taste, fashion, availability of substitutes and so on.
In the above given example, since with the rise in the tuition and the fee of the student, the money in the hand of the student decreases, so he will have less money to spend. Therefore the demand of the coffee will also decrease with this increase.
Answer:
d. the total benefit he gets from purchasing four pairs of gloves minus the total benefit he gets from purchasing three pairs of gloves.
Explanation:
Marginal benefits refer to the additional gains obtained by the sales, purchase, or manufacture of an extra unit. It the advantage associated with buying or selling one more unit. Marginal benefit is compared with the marginal cost to determine if continuous production is profitable.
Since marginal benefits are associated with an extra item, obtaining the value of the additional items must exclude the previous units. In this case, getting the marginal benefit of the fourth item can be calculated by adding up the gains of all the four gloves then subtracting the gains of the first three.
