Answer:
Option (B) is correct.
Explanation:
Marginal benefit refers to the benefit that a consumer can get from consuming an additional unit of a commodity.
If the marginal benefit is greater than the marginal cost then a consumer is continuing consuming the additional units of a commodity.
A consumer uses the marginal analysis for deciding whether to consume an extra unit of a commodity or not. In this analysis, a consumer compares the marginal benefit with the marginal cost.
Answer: This rate setting scheme creates an adverse selection problem: Homeowners with houses on unstable soil are more likely to purchase insurance than homeowners with houses that rest on bedrock
Explanation:
California has its own earthquake insurance program for homeowners and the rates vary by the ZIP code, which depends on the proximity of nearest fault line.
However, critics claim that the people who set the rates ignored soil type. Some houses rest on bedrock while others sit on unstable soil. If the soil type is used, rate setting scheme creates an adverse selection problem.
An adverse selection problem is tendency of those in high-risk areas to purchase the insurance claim because there are higher chances they may get affected. Therefore, the homeowners with houses on unstable soil will more like buy insurance than the homeowners with houses that rest on bedrock.
yes there is need for them as of recently there has been a reported shortage
i hope this helps
Answer: it is $25
Explanation:
You meed to subtract original cost from total and divide it between the two systems so:
One book cost $50
Two books cost $100
100-50=50
50/2=25
Answer:
B. When costs are recognized as expenses on the income statement.
Explanation: