Business, 14.01.2020 21:31, lulprettyb
Which of the following statements about an outward shift of the production possibilities frontier is true?
a. the economy can no longer produce the same quantities of consumption and capital goods it did before the shift.
b. the economy can produce more capital goods but fewer consumption goods.
c. the economy faces a broader set of optimal production combinations.
d. the aggregate supply curve shifts upward, meaning that at every price, producers are willing to supply less than they were before the shift.
Answers: 3
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An insurance company estimates the probability of an earthquake in the next year to be 0.0015. the average damage done to a house by an earthquake it estimates to be $90,000. if the company offers earthquake insurance for $150, what is company`s expected value of the policy? hint: think, is it profitable for the insurance company or not? will they gain (positive expected value) or lose (negative expected value)? if the expected value is negative, remember to show "-" sign. no "+" sign needed for the positive expected value
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Business, 22.06.2019 19:50, hdkdkdbx
Managers in a firm hired to improve the firm's profitability and ultimately the shareholders' value will add to the overall costs if they pursue their own self-interests. what does this best illustrate? a. diseconomies of scale b. principal-agent problem c. experience-curveeffects d. information asymmetries
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Business, 22.06.2019 20:10, Zayybabii
With signals from no-claim bonuses and deductibles, a. the marginal cost curve for careful drivers lies to the left of the marginal cost curve for aggressive drivers b. auto insurance companies insure more aggressive drivers than careful drivers because aggressive drivers have a greater need for the insurance c. the market for car insurance has a separating equilibrium, and the market is efficient d. most drivers pay higher premiums than if the market had no signals
Answers: 1
Which of the following statements about an outward shift of the production possibilities frontier is...
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