What is the basis for the concept of risk pooling?

a. law of supply and demand

b. law of large numbers

c. law of probability

d. law of averages?

In what kind of economy does the government decide on production and consumption?

Harvey Automobiles uses a standard part in the manufacture of several of its trucks. The cost of producing 40,000 parts is $120,000, which includes fixed costs of $60,000 and variable costs of $60,000.

Many people have argued that an income tax should be "marriage neutral," that is, two people should pay the same total tax whether they are married or they are single.

Businesses that strongly focus on customer satisfaction tend to: a. be less successful as there is deterioration in the quality of the products they offer to their customers. b.

Consider a market where production of a good generates a negative externality. in the market equilibrium

The United States practices "sugar protectionism" by A. banning sugar imports. B. charging sugar exporters a flat license fee to be able to export sugar in the United States. C.

You should not pursue a career in an industry that has experienced even a small decline in employment growth. True False

Header Motor, Inc., paid a $3.91 dividend last year. At a constant growth rate of 7 percent, what is the value of the common stock if the investors require a 16 percent rate of return? The value of the common stock is $ nothing.

Beerbo Corporation purchased Mitter Lite Company three years ago. As a result of the acquisition, Beerbo recorded goodwill of $400,000 at that time and created the Mitter Lite Division (MLD).

Ashley's Coffee Shop makes a blend that is a mixture of two types of coffee. Type A coffee costs Ashley $4.30 per pound, and type B coffee costs $5.90 per pound. This month, Ashley made 142 pounds of the blend, for a total cost of $749.80.