Assume that a single insurance plan applies to 2,000 low-risk ...

[cabate]

Assume that a single insurance plan applies to 2,000 low-risk people and 1,000 high-risk people opting for insurance coverage. If the average claim submitted by low-risk people is 100 while that submitted by high-risk people was 1,000 . the insurer would break even by setting a premium of:
 a. 250.
  b. 400.
  c. 200.
  d. 500.

Question 2

The structure of an organization is influenced by transactions costs.
  Indicate whether the statement is true or false

[Eunice618]

Answer to Question 1

B

Answer to Question 2

True

[cabate]

Excellent

[connor417]

Thanks for the timely response, appreciate it