This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Of the following endeavors of Happy Home Insurance Company of California, which involves the most ... (Read 96 times)

jparksx

  • Hero Member
  • *****
  • Posts: 570
on: Jul 1, 2018
Of the following endeavors of Happy Home Insurance Company of California, which involves the most nondiversifiable risk?
 
  A) Fire insurance
  B) Home burglary insurance
  C) Earthquake insurance
  D) Personal accident insurance
  E) Home office insurance

Question 2

Bancroft Pharmaceuticals has a patent on a new medication used to treat high blood pressure, so it is the monopoly seller of this new drug product.
 
  The marginal cost of producing one dose of the drug is 10, and the elasticity of demand for the product is -3. What is the profit maximizing monopoly price for this patented drug product? A) 10
  B) 12.50
  C) 15
  D) 30


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

AaaA

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

C


jparksx

  • Member
  • Posts: 570
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

ultraflyy23

  • Member
  • Posts: 312
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Germination of grass seeds involves mobilization of stored reserves Germination of grass seeds involves mobilization of stored reserves
Extinction and immigration of bird species on the California Channel Islands between 1917 and 1968 ( Extinction and immigration of bird species on the California Channel Islands between 1917 and 1968 (
A Bobcat on the Calero Creek Trail, in San Jose, California. A Bobcat on the Calero Creek Trail, in San Jose, California.
Urinary catheterization. The procedure involves the insertion of a flexible tube, or catheter, throu Urinary catheterization. The procedure involves the insertion of a flexible tube, or catheter, throu
Martha Rosler, Gladiators, from the series House Beautiful: Bringing the War Home. 2004 Martha Rosler, Gladiators, from the series House Beautiful: Bringing the War Home. 2004
Happiness is seeing your kids happy Happiness is seeing your kids happy
Video: Import of Dietary Glucose from Intestines to Bloodstream

For a complete list of videos, visit our video library