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1. Suppose that yours is a typical family. Your annual income is $60,000. Use the easy method to determine your need for life insurance.
2. Using the "nonworking" spouse method, what should be the life insurance needs for a family whose youngest child is two years old?
3. Suppose your annual premium for a $20,000, 20-year limited-payment policy is $420 over the 20-year period. The cash value of your policy at the end of 20 years is $9,200. Assume that you could have invested the annual premium in a mutual fund yielding seven percent annually. What is the net cost of your insurance for the 20-year period?
where X is his consumption of CDs with a price of $1 and Y is his consumption of movie videos, with a rental price of $2.He plans to spend $41 on both forms of entertainment. Determine the number of CDs and video rentals that will maximize Maurice"s ..
Within the framework of production possibilities curve, discuss the pros and cons of alternative choice mechanisms with respect to the determination of price and output levels in an economy
state whether each of the following events will result in a movement along the demand curve for mcdonalds big mac
The cranberry market is perfectly competitive. Reports that consuming cranberries can lead to improved health result in a permanent increase in the demand for cranberries and an immediate upward jump in the price of cranberries.
Explain the unique characteristics of the four primary market structures. Explain why economic profits are zero in the long run in a monopolistically competitive market. What are the characteristics of a public good? Discuss the two ways that product..
A)the law of dimishing marginal utility implies that 1. people will consume a variety of goods rather than just one good 2.the demand for all goods will be elastic
ECON 301 Intermediate Microeconomics Assuming diminishing marginal utility and an indifference curve with Apples on the X axis and Cheese on the Y axis, fully explain how the slope of the indifference curve measures the relative value of the goods ..
Explain what front-facing and analytical CRMs
Describe the source of the scale economy. How could the organization exploit the scale economy or diseconomy?
What is the maximum number of total TV-VCR combos that Jack and Jill can produce in 24 weeks if they work together and specialize?
Which of the following is not one of the categories in which to classify managerial ethics? Two conditions must exist: (1) all firms in a given industry should be small (2) the number of firms must be large. Gross domestic product (gdp) refers to the..
a real estate brokerage firm is hired to sell condominium units of a government housing project. the government is not
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