The annual premium that would result in Stephanie's annual out-of-pocket expense that is about the same as her current plan is <em>b. $0. 28 per $100 of value.</em>
Data and Calculations:
Home value = $355,000
Annual premium rate = $0.42 per $100
Deductible $500
Total annual out-of-pocket expense = $1,991 ($355,000 x 0.0042 + $500)
New deductible = $1,000
New annual premium rate = $0.28
Total annual out-pocket expense based on the new premium rate = $1,994 ($355,000 x 0.0028 + $1,000)
Thus, the annual premium that would result in Stephanie's annual out-of-pocket expense that is about the same as her current plan is <em>Option b.</em>
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The principle that's illustrated by the gas tax is known as the benefit received principle.
<h3>What's a tax?</h3>
It should be noted that a tax is a compulsory payment that generate revenue to the government.
In this case, a gas tax imposed by some states in which those who use the roads more pay more to maintain them is based on the benefits received principle.
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Answer:
Key ideas:
- A single entity controls the flow of the product.
- Possesses the power to limit prices.
- Will have some influence in politics.
- Difficult for new companies to enter the market.
Explanation:
Monopoly refers to the state when there is only one company controlling the flow of products, therefore controlling the prices of it. There are a lot of examples of monopoly in the contemporary era such as AB Inbev, but it doesn't mean that it is totally a modern concept. Monopoly existed even in history take for example the case of Carnegie steel mills or the issue of railroads.
When one company possess such power that it can control the price, it can badly damages the interest of other investors and consumers. But the reason they create a monopoly is that they have heavy influence in politics. That is how they turn up the decisions to their own benefits. And monopolies always try to create hurdles for new investors to get in the market. Because they are charging whatever they want due to no competition, as soon as new competition arrive it will challenge the monopoly which it can't take.
Answer:
Experienced meaningfulness: This is a positive psychological state that will be achieved if the first three job dimensions—skill variety, task identity, and task significance—are in place. All three dimensions help employees feel that what they do is meaningful.
