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George and Nancy had a $30,000 repair bill on their home after the tornado went through town. Their policy contained the usual 80% co-insurance clause. Their home's replacement value was $150,000; their policy coverage was $110,000 with a $250 deductible.
How much insurance should they have carried to meet the coinsurance obligation?
What percentage of this loss will the insurance company pay?
How much of the loss will George and Nancy have to absorb? (Show all work.)
Identify the point on the budget constraint this worker has chosen. Elucidate how much is he working every day.
Explain how much is saved at equilibrium. If savings fell by $200 at every level of GDP, illustrate what would be equilibrium level of income.
Market for this commodity is characterized by perfect competition. Government steps in and levies a unit tax of 10 on this commodity. Illustrate what is revenue raised by government through this tax.
What happen if he goes to market, he must feed the horse 50lbs of rice. draw the budget constraint for beans and rice
Write down the consumer budget constraints when young also when old the consumer lifetime budget constraint the government budget constraint also the market clearing conditions.
Write a well-reasoned argument defending your stance. If deposit insurance were abolished, elucidate how would this change incentive structure facing deposit theory institutions.
Illustrate what kind of gap-inflationary or recessionary-will the economy face after the shock.
make a recommendation to your neighbor based on convincing economic analysis.
Elucidate the equilibrium price and equilibrium quantity. Suppose the price is currently $2. What problem exists in the economy? What would you expect to happen to price.
Katrina's Candies specifically. Distinguish between a change in demand and a change in the quantity demanded (movement along the demand curve).
illustrate what wage would a monopoly union demand. Explain how many workers would be employed under union contract.
How would you design a specific customized compensation plan for Agent-Principal (owners, managers also workers) which would address both increased productivity also decreased turnover.
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