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Author Question: If your risk of losing your house to catastrophe is 25, how much would fair insurance cost if your ... (Read 57 times)

Starlight

  • Hero Member
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  • Posts: 567
on: Jul 1, 2018
If your risk of losing your house to catastrophe is 25, how much would fair insurance cost if your home were worth 1,000,000?
 
  A) 250,000
  B) 750,000
  C) 1,000,000
  D) Unable to determine with the information given.

Question 2

The above figure shows a competitive firm's demand for labor assuming that the firm's output sells for 1 per unit. If the wage is 5 per hour, a ten cent specific tax on the good sold by the firm will cause the firm to
 
  A) demand less labor.
  B) demand more labor.
  C) offer its workers only 4.90 per hour.
  D) hire 0 units of labor per hour.


dajones82

  • Sr. Member
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  • Posts: 359
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


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