The amount of money a company charges a customer to buy or use a product is the ________

Suppose you wish to analyze the change in the equilibrium price of lumber as a result of forest fires in the West. What would your first step be?

a. to decide whether the fires shift demand or supply b. to identify the new equilibrium point c. to decide whether the fires affect the price d. to decide whether the fires affect the quantity demanded

Assume 4 individuals, all age 30, purchase the following life insurance policies. If all policies are still in force 10 years later, who will have the largest cash value in his policy?

A) Dennis, who has a $100,000 life paid-up at 65 policy B) Jack, who has a $100,000 life paid-up at 55 policy C) Luis, who has a $100,000 straight whole life policy D) Rajesh, who has a $100,000 20-pay life policy"