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galben [10]
3 years ago
9

What is an insurance premium?

Business
1 answer:
Scilla [17]3 years ago
5 0

Answer:

Premium is an amount paid periodically to the insurer by the insured for covering his risk. Description: In an insurance contract, the risk is transferred from the insured to the insurer. For taking this risk, the insurer charges an amount called the premium.

Explanation:

a

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A small publishing company is planning to publish a new book. The production costs will include one-time fixed costs (such as ed
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The number of books that will be produced such that the costs from the two methods be the same is 4668 units.

From the complete question, the total cost of the first equation will be:

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Then, we'll equate both equations together and this will be:

8.25x + 65054 = 19.50x + 12539

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Therefore, the breakeven unit will be 4668 units.

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5 0
3 years ago
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3 0
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