The comprehensive and collision premium of a Rolls-Royce in relationship to a Chevy
A) will be higher because a Rolls-Royce costs more than a Chevy.
B) will be lower because Rolls-Royce drivers will be more careful.
C) depends on the insurance rate structure of the state in which the car is insured.
D) is a poor investment.
Answer: A
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In most cases, firms profit from the first two sales made to customers, and their profits drop significantly on additional sales
Indicate whether the statement is true or false
Which statement is true regarding using interest-adjusted cost data and purchasing life insurance?
A) Cost indices can help to determine whether a policy should be replaced. B) The type of policy you purchase should he based solely on a cost index. C) Small variations in cost indices should be ignored. D) Cost indices should be used to select an insurer, not an individual policy.