What is a deductible?How does deductible affect insurance

1 answer:

7 0

In an insurance policy, the deductible is the amount paid out of pocket by the policy holder before an insurance provider will pay any expenses.

The lower a plan's deductible, the higher the premium. You'll pay more each month, but your plan will start sharing the costs sooner because you'll reach your deductible faster.

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Morganti corporation sells a product for $170 per unit. the product's current sales are 41,800 units and its break-even sales ar

ololo11 [35]

To find the margin of safety in dollars, subtract the breakeven sales from the budged or actual sales.

Current sales are 41,800 units
Break even point in units is 33,900
Cost per unit is $170

(33,900)($170) = $5,763,000
(41,800)($170) = $7,106,000

The margin of safety in dollars is:
$7,106,000 - $5,763,000 = $1,343,000

3 0

3 years ago

Suppose the quantity of burgers is measured on the horizontal axis and the quantity of bags of French fries is measured on the v

frosja888 [35]

Answer:

d. the rate at which a person is willing to give up bags of fries to get more burgers while staying on the same indifference curve

Explanation:

Marginal rate of substitution is defined as they way an individual nos willing to let go of one good in preference for another one while sustaining a particular level of utility or indifference curve.

An indifference curve is made up of different combinations of two products that a consumer's views as having the same value.

In the give scenario marginal rate of substitution measures the willingness of the individual to give up fries for burgers while maintaining a level of satisfaction

6 0

3 years ago

A _____ chart shows individual figures at a specific time, or shows variations between components but not in relation to the who

Yanka [14]

Answer:

Bar chart

Explanation:

A bar chart can as well be regarded case a "bar graph", it can be explained as a chart/graph that gives the representation of categorical data as a

rectangular bars, where the height of the rectangular bars will equal to the data values they are representing. This bars could be horizontally or vertically plotted. It should be noted that bar chart shows individual figures at a specific time, or shows variations between components but not in relation to the whole.

4 0

3 years ago

Highlight four ways of improving productivity of labour as a factor of production

UNO [17]

Answer:

Following are the four ways for improving the productivity of the labour is given below

Explanation:

If we give the proper resource assignment to each worker at the proper time we will increase the productivity of the labor .
Increasing the skills by guiding the labor to the latest technology so they know the latest or the current technology they will increase the productivity .
If we enhancing the physical capital it means if we dependent on the machinery they will increase the productivity .
Giving the incentive to labor at the particular interval of time we will increase the productivity.

3 0

3 years ago

Also, national saving is the income of the nation that is left after paying for . Therefore, national saving (S) is defined as:

mestny [16]

National saving is the nation's income that is left after paying for current consumption and government purchases, that is S = Y-C-G.

What is national saving?

National saving (saving) is the portion of the economy's total income that is left over after paying for consumption and government expenditures. individual saving the amount of money that households have after paying for expenses like taxes and expenditures.

How does national savings affect our economic growth?

Larger investments resulting from stronger GDP growth would be produced by an increase in overall savings. The high savings rates have the effect of increasing capital and boosting the nation's economic growth.

Learn more about national saving: brainly.com/question/15109837

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6 0

2 years ago