Financial venture. even his wife was supportive. albert liked a number of riskier company
Answer:
<u>Part a: What will be the equilabrium price that Dumphy and Funke will charge?</u>
Answer: Price charged = $30
<u>Part b: What are the profits for Dumphy and Funke at the equilibrium price?</u>
Answer: Profit on equilibrium price = $0
<u>Part c: What type of competition would Funke and Dumphy likely engage in after the decrease in demand?</u>
Answer: Price competition
Explanation:
<u>Part a: What will be the equilabrium price that Dumphy and Funke will charge?</u>
Answer:
Price charged by each of the artists will be equal to their marginal cost.
Thus, equilibrium P = MC = $30.
<u>Part b: What are the profits for Dumphy and Funke at the equilibrium price?</u>
Answer:
Equilibrium profits will be 0 at the equilibrium because price charged is equal to MC, leading to no profits.
<u>Part c: What type of competition would Funke and Dumphy likely engage in after the decrease in demand?</u>
Answer:
Price competition - as changes in price will lead to changes in demand and thus sales
Answer:
The correct answer is number (1): double indemnity provision.
Explanation:
A double indemnity provision is added in life insurance to double the amount the beneficiaries of the policyholder receive in front of his or her death in an accident. Double indemnity provision does not cover events in which the policyholder dies because of natural reasons or when those individuals had hazardous jobs. Premiums are higher with a double indemnity provision.
These are examples of <u>work-related</u> characteristics
Answer:
the six month euro interest rate is 1.36%
Explanation:
Spot exchange rate: 1.4 USD/ EUR
6 month forward rate: 1.3950 USD/EUR
Domestic interest rate: 1% pa
Foreign interest rate: the six month euro interest rate?
We have the formula:
Forward rates = Spot rate * (1+domestic interest rate)/(1+foreign interest rate)
⇔ 1.3950 = 1.4 *(1+1%)/(1+foreign interest rate)
⇔ 1+foreign interest rate = 1.4 *(1+1%)/1.3950
⇔foreign interest rate = 1.01362 - 1 = 0.01362
⇒ the six month euro interest rate is 1.36%