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

Author Question: Limited AccessThe graph shows the demand for insurance by low-cost people (Dlow-cost), the demand ... (Read 1094 times)

ksmithunr

  • Full Member
  • ***
  • Posts: 176
on: Nov 23, 2022
Limited Access

The graph shows the demand for insurance by low-cost people (Dlow-cost), the demand for insurance by high-cost people (Dhigh-cost), the premium charged by insurance companies that expect to have a 50-50 mix of customers (P50-50) and the premium charged by insurance companies that expect to have more high-cost people than low-cost people (Ppessimistic).

Assume that P1=$5,500, P2=$8,250, Q1=20, Q2=60, and Q3=168. When the insurance company has an expectation of a 50-50 mix of customers, what percentage of actual customers are high-cost? What percentage are low-cost?
Please round your final answer to two decimal places.
◦ 11.90%, 10.64%
◦ 89.36%, 88.10%
◦ 89.36%, 10.64%
◦ 11.90%,88.10%
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by ksmithunr on Nov 23, 2022

ellie

  • Full Member
  • ***
  • Posts: 168
Reply #1 on: Nov 23, 2022
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.
Answer Preview
Only 44% of students answer this correctly


ksmithunr

  • Member
  • Posts: 176
Reply 2 on: Nov 23, 2022
Great answer, keep it coming :)

cassie_ragen

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Upward social mobility, though welcome, can place people in a world so different from their world of ... Upward social mobility, though welcome, can place people in a world so different from their world of ...
Velocity-time Graph Velocity-time Graph
How to graph complex numbers How to graph complex numbers
People with binge eating disorder often eat in secret People with binge eating disorder often eat in secret
Graph of cos(x) Graph of cos(x)
Self-crossing F2 plants to produce an F3 generation shows that there are two different genotypes amo Self-crossing F2 plants to produce an F3 generation shows that there are two different genotypes amo
Video: Bone Growth and Remodeling

For a complete list of videos, visit our video library