Answer:
The expected value might go down by $308.
Explanation:
Find the expected value of life insurance if the premium is $393.00
Do (393) * (0.99) - (69800) * (0.01)
The answer will be:
(393) * (0.99) - (69800) * (0.01) = -308
Answer:
a. emigrate
b. more
Explanation:
Immigration attractiveness is a factor that draws immigrants to a foreign country. A country becomes more attractive when the economic prospects are brighter than at the home-country. The degree of immigration law enforcement also helps to either attract or deter potential migrants. In recent years, wars and misgovernment have propelled millions to move boundaries. At the same time, countries are imposing migration restrictions by imposing and implementing strict laws.
Answer:
-$475,000
Explanation:
Total revenue = Baskets of peaches × Price
= 100,000 × $3
= $300,000
Explicit cost:
= Rent equipment + wages
= $100,000 + $100,000
= $200,000
Implicit cost:
= Land × Interest + salesman earned
= $1,000,000 × 0.55 + $25,000
= $575,000
Total cost = Explicit cost: + Implicit cost
= $200,000 + $575,000
= $775,000
Economic profit = Total revenue - Total cost
= $300,000 - $775,000
= -$475,000
Answer:
Increase the aggregate demand. This means, that the total demand for goods and services within a particular market will increase
Explanation:
The future expectations of an improving economy increase the aggregate demand. This means, that the total demand for goods and services within a particular market will increase as there is more trust in the market.
The rise in the income is another important factor for the aggregate demand to increase. With improving expectations the consumers will think that they income will improve and therefore their consumption levels.
