Mason pays $251 monthly for auto insurance. He had an accident involving another car. His

Business

2 answers:

Evgesh-ka [11]3 years ago

4 0

Answer: Yes, the years worth of payments is more than the actual claim

Explanation:

the claim was $2500 and he payed $3,012 a year for insurance

hodyreva [135]3 years ago

3 0

Yes the years worth of payments is more than

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What type of life insurance are credit policies issued as?

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They are considered decreasing term policies. In these policies, the benefits usually decrease over the life of the policy: that is, the closer one gets to the end of the policy term, the less the benefit will typically be. At the end of the term, there is no option to renew for the same premiums, and the policy simply expires.

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The taxes imposed under the social security act consist of:

inysia [295]

Two taxes on employers, two taxes on employees, OASDI and HI taxes and taxes on the net earnings of the self-employed

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3 years ago

Starbucks CEO Howard Schultz has made sure his employees have health insurance and work in a positive environment. He could best

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In the given case, Starbucks CEO is taking utmost care of his employees. Hence, it is clearly a Servant leader example.

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3 years ago

Lili spent $120 on a new sweater rather than using this money to buy her personal finance textbooks. The cost of doing without t

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Answer:

opportunity cost

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The opportunity cost is the cost that is incurred for purchasing any other thing in place of one thing or we can say it is a sacrification done to purchase another thing

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So here it is a opportunity cost

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3 years ago

You are the curator of a museum. The museum is running short of funds, so you decide to increase revenue. What should you do to

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Answer and explanation:

Demand elasticity measures the changes in quantity demanded as the result of changes in price. Demand elasticity is calculated by dividing the percentage change in quantity demanded by the percentage change in price. If the result is equal or higher than one (1) the product is elastic but if the result is lower than 1 the product is inelastic.

In the case, as the elasticity of demand of the museum ticket is 0.45 it means the museum tickets is inelastic. This scenario implies that in front of changes of price the quantity demanded will not change. Thus, as a curator of the museum you should increase the museum ticket price to increase revenue.

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3 years ago