People in a certain group have a 0.3% chance of dying this year
If a person in this group buys a life insurance policy for $3,300 that pays $1,000,000 to her family if she dies this year and $0 otherwise, what is the expected value of a policy to the insurance company? A) $0
B) $300
C) $3,000
D) $3,300
B
Economics
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The long-run Phillips curve shows the relationship between
A) real GDP and the natural unemployment rate. B) the nominal interest rate and real interest rate. C) real GDP and potential GDP. D) the inflation rate and the natural unemployment rate. E) the inflation rate and the unemployment rate.
Economics
If the monopoly's demand curve intersects the AVC curve at minimum AVC, the firm will shut down
Indicate whether the statement is true or false
Economics