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Author Question: Insurance companies charge a lower premium to drivers who carry a higher deductible because A) ... (Read 83 times)

azncindy619

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on: Jun 29, 2018
Insurance companies charge a lower premium to drivers who carry a higher deductible because
 
  A) insurance companies are not profit maximizers.
  B) a driver's riskiness decreases as the driver's deductible increases.
  C) a high deductible signals a high risk.
  D) insurance companies prefer that drivers carry no deductible.

Question 2

The figure above shows a labor market. If this labor market is perfectly competitive, the wage rate is
 
  A) 4 per hour.
  B) 6 per hour.
  C) 8 per hour.
  D) 10 per hour.


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dmurph1496

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


azncindy619

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

tandmlomax84

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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