Granite insurance company entered into a treaty reinsurance agreement with rock solid reinsurance (rsr). granite's retention limit is $400,000 and rsr agreed to provide reinsurance for up to $2.0 million. if granite writes an $800,000 policy, rsr is responsible for 50 percent of the losses. if granite insures a $1.6 million risk, rsr is responsible for 25 percent of any losses. what type of reinsurance arrangement did granite enter into with rsr?

List at least two policies or procedures your company can use to protect the health and safety of employees

The distinction between a normal and an inferior good is

Recently, verizon wireless ran a pricing trial in order to estimate the elasticity of demand for its services. the manager selected three states that were representative of its entire service area and increased prices by 5 percent to customers in those areas. one week later, the number of customers enrolled in verizon's cellular plans declined 4 percent in those states, while enrollments in states where prices were not increased remained flat. the manager used this information to estimate the own-price elasticity of demand and, based on her findings, immediately increased prices in all market areas by 5 percent in an attempt to boost the company's 2016 annual revenues. one year later, the manager was perplexed because verizon's 2016 annual revenues were 10 percent lower than those in 2015"the price increase apparently led to a reduction in the company's revenues. did the manager make an error? yes - the one-week measures show demand is inelastic, so a price increase will decrease revenues. yes - the one-week measures show demand is elastic, so a price increase will reduce revenues. yes - cell phone elasticity is likely much larger in the long-run than the short-run. no - the cell phone market must have changed between 2011 and 2012 for this price increase to lower revenues.