Answer: Zoe’s maximum willingness to pay for the insurance is $50
Explanation:
From the question, we are informed that Zoe, who is risk averse, bought flight cancellation insurance which will cover the cost of her non-refundable $500 airline ticket if she is unable to travel due to illness wnd also that Zoe faces a 10 percent probability of becoming ill and then using the insurance.
The expected value of the insurance will be the cost of the airline ticket multiplied by the probability of her becoming ill. This will be:
= $500 × 10%
= $500 × 0.1
= $50
Based on the calculation, it can be concluded that Zoe’s maximum willingness to pay for the insurance is $50.
The three types of gross private domestic investment include all final purchases of machinery, equipment, and tools; all construction; and changes in business inventories.
Private fixed investment and alternate in private inventories. it's far measured without a deduction for consumption of constant capital (CFC), consists of replacements and additions to the capital inventory, and excludes investment via U.S. citizens in other nations.
Gross private domestic investment includes the development of nonresidential systems, the production of equipment and software, non-public residential construction, and modifications in inventories.
Gross domestic private investment, as described in country-wide income accounts, could encompass the subsequent, except the government construction of recent highways and dams.
Learn more about domestic private investment here: brainly.com/question/4309750
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Answer:
The correct answer is C)Opening the mail and recording entries in the sales journal.
Explanation:
It is the correct answer because both activities can be done sitting on the desk, using the same computer. All the other answers refer to activity pairs that would require physical activity, and this would reduce efficiency. For example, making journal records and delivering inventory are extremely disjointed activities, it is like being an accountant and a delivery person at the same job.
Answer: Approximately 2.37
Elastic over this range
Explanation: As we know that, as per the midpoint method elasticity of supply is calculated as :-
where,
Q2 = 19
Q1 = 10
P2 = 65
P1 = 50
now, putting the values into equation we get :-
= 2.37
So, we can say that over this range Ginny's supply is elastic .
Answer:
D) When incremental revenues exceed incremental costs
Explanation:
Incremental revenues are the additional revenues generated by selling additional units, or in this case an special order. Incremental costs are the additional costs generated by accepting the special order.
Generally when a special order is being considered, the company must first determine if the additional output is possible with the current capacity, and if so, which additional costs would apply to the special order. Generally certain fixed costs are not included in the cost analysis of special orders, and only variable costs are used to determine if it generates profits or not.
