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 116 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
:D TYSM

sultana.d

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Multiple sclerosis (MS). (a) A disease characterized by the gradual development of small areas of ha Multiple sclerosis (MS). (a) A disease characterized by the gradual development of small areas of ha
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
The fact that a mother works outside the home has no negative effect on the well-being of her child ... The fact that a mother works outside the home has no negative effect on the well-being of her child ...
A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ... A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ...
An organizational specialist is hired as a consultant to a company planning to open a coffee ... An organizational specialist is hired as a consultant to a company planning to open a coffee ...
Glass Beach Beach in Fort Bragg, California Glass Beach Beach in Fort Bragg, California
Video: Carbon fixing adaptations Animation

For a complete list of videos, visit our video library