Getting a scholarship because of good grades is an example of

Benny, Denny, Jenny, Kenny, and Lenny are tap-dancing siblings who perform as the Tapiocas

Do to their individual dance styles, Benny and Denny each have a 50% chance of developing hammer toe, and Jenny, Kenny and Lenny each have a 20% chance of developing hammer toe. Each visit to the podiatrist costs $250. If each member of the Tapiocas were offered hammer toe insurance, how much would the premium be?

Using the above figure, suppose that roses are a normal good. If there is an increase in income

A) the equilibrium price will rise above $25 per dozen roses. B) the equilibrium quantity will decrease below 10 dozen roses. C) we cannot predict what will happen to the equilibrium price. D) we cannot predict what will happen to the equilibrium quantity.