On the Upper West Side of Manhattan, there are hundreds of independent restaurants offering different specialties, services, and prices. The market for restaurants in this neighborhood is in a state of monopolistic competition

Holmes, Inc has a division that manufactures a component that sells for $150 and has a variable cost of $45

Another division of the company wants to purchase the component. Fixed cost per unit of the component is $20. What is the transfer price if the division is operating at full capacity? A) $65 B) $170 C) $150 D) $20

In the context of insurance, what does the term premium refer to?

A) the money received from the defaulting party B) the money paid to the insurance company C) the money paid to insured after an accidental damage D) the money paid to insurance brokers as fee