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Helen obtained an insurance policy insuring her life and naming her niece Julie as beneficiary. Helen died, and about a year later the policy was found in her house. When Julie claimed the insurance money, the insurer refused to pay on the ground that the policy required that notice of death be given to it promptly following the death. Julie claimed that she was not bound by the time limitation because she had never agreed to it, as she was not a party to the insurance contract. Is Julie entitled to recover?
Small mistakes are the stepping stones to large failures. How might this saying apply to the simple model of the firm and marginal analysis? Do you agree? In your responses
Identify dilemmas that threaten the future integrity of the U.S. healthcare system. Discuss whether or not there is a need for healthcare reform
If the correlation between x and y is 1, then the points in the scatter plot of y on x all lie on a single line with slope sy/sx.
An economy is operating with output $400 billion below its natural level, and fiscal policymakers want to close this recessionary gap. The central bank agrees to adjust the money supply to hold the interest rate constant, so there is no crowding out.
Explain gambling from a risk-return perspective and from a Christian worldview. What is wrong (from a Biblical viewpoint) with gambling if consumers want it? Is price-discrimination always wrong? Under what conditions might it be ethically allowable?
We know tastes and preferences play an important role in demand. Do you think of any possible future "popular product".
What is the maximum amount of harvest that can sustainably be achieved (i.e., the maximum sustainable yield, MSY)?
a draw the supply and demand for apartments. assume in this market all apartments are identical so there is only one
q1. adhesive is made of polymer dissolved in a solvent because the polymer content enhance the adhesive is more
Compute the incremental profit Electron Control would earn by customizing its instruments and marketing directly to end users.
According to the Keynesian model, what are the two components of consumption spending? What factors determine how consumption changes when real disposable income changes? Explain.
What is the firm's short-run demand function for input Z? How much input Z will the firm use when the price is $40? When the price is $80?
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