Answer:
d) the maximum level of total welfare is not achieved.
Explanation:
When the economic efficiency bears a loss, it is termed to be a deadweight loss. This condition occurs in the situation when the free market equilibrium is not able to be achieved. It occurs in the economy when the supply and the demand for the goods and services start to fall from being in the state of equilibrium. The resources allocated experiences a deficiency, thereby causing a deadweight loss.
A person who would want to have collision insurance on their auto insurance would be someone who is buying or leasing a car. This way, if they have a wreck or a stolen car, the car would be paid for or fixed with only a deductible paid. People will also want collision if their car is paid off to protect them in the case of wreck or stolen car. So, they will not be without a car and can get it fixed or get the money from the insurance for the value of the car if it is a total loss. Most states have laws that each citizen must have liability coverage only to get their car tagged.
Answer:
True
Explanation:
In contract law and civil law, the duty to mitigate damages refers to the duty that the individual responsible for the wrongdoing must carry out to limit the harm or injury caused by him/her. The duty to mitigate applies both for contract breaches and victims or torts.
Answer:
<em>A scientist discovers a chemical in certain rocks that kills bacteria when it is mixed with sterile water in a test tube. She cannot market extracts that contain this chemical as a dietary supplement, because it </em><em><u>does </u></em><em><u>not</u></em><em><u> </u></em><em><u>contain</u></em><em><u> </u></em><em><u>dietary</u></em><em><u> </u></em><em><u>ingredients</u></em><em><u>.</u></em>
Answer:
all else being equal, a marketing channel that has a high cost per exposure will have a low return on investment