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An insurance company charges the following annual premiums for property insurance:
Buildings Contents
£2.75 per £1,000 insured £4.20 per £1,000 insured.
A property owner wishes to insure a building valued at £142,000 and contents valued at £31,750.
(a) Calculate the total annual cost to the owner of insuring the buildings and contents.
A service fee of 6.25% of the total annual cost is charged when payment is made by 12 equal monthly installments. The service fee is included in the monthly payments.
(b) Calculate:
(i) the service fee
(ii) the amount of each monthly installment.
What does the term "quantity demanded" refer to? A. It refers to both the amount of a good that consumers want to buy at a specified price and the amount that suppliers want to sell at that specified price B. It refers to the demand for a good over..
A government failure occurs when the government intervention in the market that was intended to correct a market failure actually makes the situation worse. Such a failure could occur for one or more of the following reasons.
Between problems that hinder growth in developing economies are poor infrastructure, lack of financial institutions and a sound of money supply, a low saving rate, poor capital base, and a lack of foreign exchange.
Do anticipated changes in m (that is, changes that are expected as of when rigid-price firms set their prices) affect y and Find the first-order condition for the period-2 policymaker's choice of G2 given D.
Suppose that a firm in a perfectly competitive industry has the following total cost schedule; Compute a marginal cost and an average cost schedule for the firm.
Reasons why people continue to migrate from diverse rural areas into the crowded and congested cities in spite of high and rising levels of urban unemployment?
Nominal GDP in a country was $8,759.9 billion in 2003 & $9,254.6 billion in 2004. The price index was 102.86 for 2003 & 104.37 for 2004.
Most macroeconomists believe it is a good thing that taxesact as automatic stabilizers and lower the size of themultiplier. However, a smaller multiplier means that the change ingovernment purchases of goods
Analyze how each of the three major dimensions of international finance can affect your possible venture of your MNC in your chosen new international market, including potential opportunities and risks for each dimension.
Describe situations and organizational variables that impact employee morale and explain, using examples, the impact of individual perception on morale.
Draw the short-run tradeoff between inflation and unemployment. How might the Fed move the economy from one point on this curve to another?
Given the cost function and economics of scale and scope information reviewed, does a policy encoouraging large, centralized hospitals seem wise Will market forces tend to reward centralization of hospital services
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