Answer:
Explanation:
Net Cost of Life Insurance Premium : Life insurance policy entails Premium to be paid by the insured at a monthly / quarterly interval. insured often gets dividend from the insurance company and in that case, the net cost of premium will be low
The 20 years premium can be calculated with Annual Premium which is not given in the question, therefore i will solve for all the option but please pick the answer that the Annual premium is with you
a) 20 years premium = Annual Premium x Number of years
= 11700 x 20
= 234,000
b) 20 years premium = Annual Premium x Number of years
= 7900 x 20
= 158,000
c) 20 years premium = Annual Premium x Number of years
= 550 x 20
= 11,000
d) 20 years premium = Annual Premium x Number of years
= 28350 x 20
= 567,000
Answer:
Opportunity cost is a fictitious cost used in the assessment of alternative resource uses. The cost is the lost income from the alternative that you have not chosen to use. A standard example is when a person has a large amount of money and two options: Save them at a fixed monthly interest rate or pay off their loans. If you choose to save at a fixed monthly interest rate, the monthly cost of the loan will be the alternative cost. If, on the other hand, you choose to pay off your loans, the lost interest income will be the alternative cost.
Answer:
$175,808
Explanation:
P=R (1-(1+i)^-n)/i
Where P=780,000*90%=$702,000
R=?
i=8%
N=5 years
By putting above values in formula, we get
P=R(1-(1+.08)^-5)/.08
702,000=R*3.993
R=702,000/3.993
R=$175,808
If oligopolists engage in collusion and successfully form a cartel, the market outcome is the same as a monopoly.
<h3>
What is oligopoly?</h3>
Oligopoly markets are markets dominated by a small number of suppliers.
Oligopoly is a form of imperfect competition and is usually described as the competition among a few.
Hence, Oligopoly exists when there are two to ten sellers in a market selling homogeneous or differentiated products.
A good example of an Oligopoly is the cold drinks industry.
They can be found in all countries and across a broad range of sectors.
Some oligopoly markets are competitive, while others are significantly less so, or can at least appear that way.
Some of the most notable oligopolies in the U.S. are in film and television production, recorded music, wireless carriers, and airlines.
To learn more about Oligopoly markets, refer
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