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Author Question: Insurance companies can lower their risks by (Read 50 times)

awywial

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on: May 25, 2020

Question 1

A consumer will buy more units of a good if the value of the good's
◦ total utility is greater than price.
◦ marginal utility is less than price.
◦ total utility is less than price.
◦ marginal utility is greater than price.

Question 2

Insurance companies can lower their risks by
◦ using the law of large numbers to make the number of claims more predictable.
◦ diversifying across insurance products.
◦ granting large numbers of independent risk policies.
◦ all of the above.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by awywial on May 25, 2020

helenmarkerine

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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awywial

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)

skipfourms123

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Reply 3 on: Yesterday
Excellent

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