Discuss what happens to marginal benefit

Assignment Help Business Economics
Reference no: EM13154952

Discuss what happens to Marginal Benefit (MB) and Marginal Cost (MC) curves of Insurance in the following cases:

A) Insurance Premiums decreases

B) Amount of loss covered by the insurance decreases

C) What happen to the equilibrium insurance level for both

Reference no: EM13154952

Questions Cloud

Explain vaporizing the resulting benzene : Calculate delta S0 for the following processes: a.) Heating 1 mol of benzene(liquid) from 298K to 353 K at 1 bar pressure, neglecting any T- dependence of Cp.
How much energy is required : How much energy is required to vaporize 98.6 g of ethanol (C2H5OH) at its boiling point, if its ΔHvap is 40.5 kJ/mol?
What role do the measurements of unemployment and inflation : What role do the measurements of unemployment and inflation have on the management of an organization?
Using cvp analysis when applying for a loan : Using CVP analysis when applying for a loan
Discuss what happens to marginal benefit : Discuss what happens to Marginal Benefit (MB) and Marginal Cost (MC) curves of Insurance in the following cases: Insurance Premiums decreases
How many liters of oxygen will be produced : how many liters of oxygen will be produced if 162 grams of aluminum chlorate is decomposed
How much passive loss can Sage deduct : Sage, Inc., a closely held corporation that is not a PSC, has a $140,000 passive loss, $85,000 of active business income, and $35,000 of portfolio income. How much of the passive loss can Sage deduct?
Define what is the annual cost of operation : what is the annual cost of operation in a 70°F room if the door is opened 10 times a day with an average heat gain per opening of 200 kJ? How much would it cost to keep the inside at 35° F? Show work.
Public interest when they failed to pass this proposal : In 2000, the SEC proposed new regulations that would limit consulting work by accounting firms. This proposal was not passed by Congress. Do you think the legislators were trying to act in the public interest when they failed to pass this proposa..

Reviews

Write a Review

Business Economics Questions & Answers

  Conclude the supply function also inverse supply

Conclude the supply function also inverse supply function for good X. Graph the inverse supply function.

  Draw the demand curve and show the values of the price

Draw the demand curve and show the values of the price and quantity intercepts using the linear equation for Qx=28,000,000-Px divided by 1000.

  Person nominal income and their real income

Explain the difference between a person's nominal income and their real income. Why is real income more important to that person.

  Considering political disposition

Considering political disposition as an axis of product differentiation does vertical or horizontal differentiation best categorize it.

  Does the diference in response matter

Keeping all elsr constant their answer would likely differ. How do you guess the interviewed will answer? Does the diference in response matter?

  Does the overall production technology now have increasing

You can now think of the firm as using two additional inputs, pollution vouchers and smokestack filters, to produce x output legally. Does the overall production technology now have increasing, constant, or decreasing returns to scale?

  Explain how to get the producer surplus

Explain how to get the producer surplus. What about the area that lies beneath the x-axis.

  Illustrate what are the qualifications and limitations

Explain the multiplier concept as it applies in this case. Illustrate what are the qualifications and limitations of the Multiplier Model.

  Illustrate what market your derivation brings equilibrium

Derive IS curve by one of standard methods used in Macroeconomics. Explain in writing to illustrate what market your derivation brings equilibrium and explain how it accomplishes this.

  Calculate the correct balance of cash

comparing the company's cash records with the monthly bank statement reveals several additional cash transactions. Calculate the correct balance of cash?

  Short run average cost also short run marginal cost

Derive the short run total cost, short run average cost also short run marginal cost as functions of output q.

  Explain how does price elasticity of demand for corn oil

Explain how does price elasticity of demand for corn oil influence quantity-demanded of corn oil and Total Revenue earned by sellers of corn oil.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd