Answer:
Almost 100% sure it's manifest function
Explanation:
The relationship between employment levels and prices during economic cycles that's shown by the graph is D. As unemployment rates rise, average prices fall.
It should be noted that demand has an influence on the increase or decrease in the price of a product. In this case, an increase in demand will lead to an increase in the price of a product.
On the other hand, a reduction in demand will lead to a reduction in price. Therefore, when there's an increase in the unemployment rate, there'll be a reduction in the number of goods demanded by people and therefore, the average prices will fall.
Therefore, as unemployment rates rise, average prices fall.
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The premium that the insurance company should charge each year to realize an average profit of $500 is $6,900.
First step is to calculated the expected amount to pay
Expected amount=Total loss +50% loss+25% loss
Expected amount=$200,000(0.002)(1)+$200,000(0.01)(0.5)+$200,000(0.1)(0.25)
Expected amount=$400+$1,000+$5,000
Expected amount=$6,400
Second step is to calculate the premium
Premium=Expected amount+ Average profit
Premium=$6,400+$500
Premium=$6,900
Inconclusion the premium that the insurance company should charge each year to realize an average profit of $500 is $6,900.
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The probability would be 1/36
