Answer:
Auto insurance policy with Bodily injury liability limits = 250/500
personal umbrella policy with a limit = $1 million
Self-insured retention = $500
Here, total claim = $750,000
Amount paid by the auto insurance policy = $250,000
Remaining = $750,000 - $250,000
= $500,000
Remaining claim amount of $500,000 shall be paid by the umbrella policy.
Answer:
d. neither will advertise.
Explanation:
A game theory is used to analyse the choices of firms in an oligopoly.
A collusion is when two or more firms come together to make a decision usually concerning price.
If both firms advertise, the profit is less than when both firms don't advertise. Therefore, if both firms collude, they would agree not to advertise in order to maximise profits.
But the Nash equilibrium would be for each firm to advertise.
Nash equilibrium is the best strategy for a player in a game regardless of what the other player plays.
I hope my answer helps you.
<h2>Only trusted programmers will be allowed to make changes to the project.</h2>
Explanation:
Let us understand first what a "closed source project is". It is quiet opposite to open source. What an open source will have?
- FOSS -Free and open source
- Source will be available to everybody
- User can make changes to the existing code and even release new software
- He can make changes in the software for his own personal use too
- There will be community to collaborate
So all the above will not be there for "Closed source". So the code is not free and it is confidential. Only trusted programmers can work on it.
Answer:
Italy has comparative advantage in production of stained glass
Sweden has comparative advantage in pounds of fish.
Italy can gain from trade if it receives more than 4 pounds of fish for stained glass.
Sweden can gain from the trade if it receives more than 1/10 stained glass for every pound of fish.
d. 6 pounds of fish per pane of stained glass.
Explanation:
Italy and Sweden both countries can produce stained glass and pounds of fish. Italy can produce 4 pounds of fish per pane of stained glass while Sweden can produce 10 pounds of fish per pane of stained glass. This means Italy has comparative advantage in production of pane of stained glass while Sweden has comparative advantage in pounds of fish.
