Let x be the damage incurred (in dollars) in a certain type of accident during a given year. possible x values are 0, 1000, 5000, and 1, with probabilities 0.8, 0.1, 0.08, and 0.02 respectively. a particular company offers a $500 deductible policy. that is, if the customer pays $500 to remedy the accident, the insurance company will cover the remaining cost. if the company wishes its expected profit to be $100, how much should the company charge for an annual policy ?

Acompany recorded a check in its accounting records as $87. however, the check was actually written for $78 and it cleared the bank as $78. what adjustment is needed to the personal statement? a. decrease by $9 b. increase by $9 c. decrease by $18 d. increase by $9

Amano s preguntes cationing to come fonds and consumer good 8. why did the u.s. government use rationing for some foods and consumer goods during world war ii?

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.