The slope of a horizontal line is always equal to zero

Indicate whether the statement is true or false

True

Economics

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Insurance companies charge a lower premium to drivers who carry a higher deductible because

A) insurance companies are not profit maximizers. B) a driver's riskiness decreases as the driver's deductible increases. C) a high deductible signals a high risk. D) insurance companies prefer that drivers carry no deductible.

Economics

Assume that you had a ticket for a basketball playoff game that you bought for $50, the maximum price you were willing to pay

If a friend of yours offers to buy the ticket for $100 but you decide not to sell it, how can your decision be explained? A) by the endowment effect B) You expect to receive greater utility from attending the playoff game than you received from buying the ticket. C) by the law of diminishing marginal utility D) The income effect from the increase in the price of the ticket from $50 to $100 was greater than the substitution effect.

Economics