Question
For 16-19 Given E(I) = $3,601 I S = $10 I H ' = $2,000 q = $3,990 also assume the insurance policy is FULL
For 16-19
Given E(I) = $3,601
IS= $10
IH ' = $2,000
q = $3,990
also assume the insurance policy is FULL
16. Is the policy fair or unfair?
Group of answer choices
Unfair
Fair
none of the choices
can be both
Flag question: Question 17Question 170 pts
What is the value of r ?
What is the value of IH ?
Group of answer choices
$2,000; not enough information
$4,000; $2,000
$2,000; $4,000
not enough information; $4,000
not enough information; $2,000
Flag question: Question 18Question 180 pts
What is the value of IS' ?
Group of answer choices
$2,000
$10
$0
$4,000
none of the choices
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
1st Edition
978-1464146978, 1464146977
