Answer:
they can receive more work for less pay from the servants as opposed to the wage workers
Explanation:
Based on the information provided within the question it can be said that they preferred servants' labor more because they can receive more work for less pay from the servants as opposed to the wage workers. At that time roughly four months of workers' wages would pay for about five or six years of servant labor, thus leading to a massive increase in savings for the employer.
Answer: $15,000
Explanation: The 80% coinsurance clause on the property means that the insurance policy holder is agreeing to contribute up to 80% of the property's worth. Hence in the event of a loss to the building worth $20,000; the insures policyholder would receive :
(Actual contribution/expected contribution) x value of loss to the property
Where : Expected contribution = 80% of property's worth
ie (80/100) x $400,000 = $320,000
then the insured is to receive: ($240,000/$320,000) x $20,000 = $15,000
B i think hope this helps tell me if im wrong or right
