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Author Question: Assume that a single insurance plan applies to 2,000 low-risk people and 1,000 high-risk people ... (Read 97 times)

cabate

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on: Jun 30, 2018
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


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Eunice618

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

True


cabate

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Reply 2 on: Jun 30, 2018
Excellent

laurnthompson

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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