Consumer surplus Study guides, Class notes & Summaries
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CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers,100% CORRECT
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CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers 
 
Addition Rule of Probability - CORRECT ANSWER ADDITION: P(A or B) = P(A) + P(B) - P(AB) 
 
Roy's Safety First Criterion - CORRECT ANSWER Safety First Ratio = (E(R) - Rₜ) / σ 
 
Larger ratio is better 
 
If (Rₜ) is risk free rate, then it becomes Sharpe Ratio 
 
Sharpe Ratio - CORRECT ANSWER Sharpe Ratio = (E(R) - RFR) / σ 
 
Larger ratio is better 
 
If (Rt) is higher than RFR, then it becomes Safety First Ratio 
 
Centra...
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PSI CA Property and Casualty Practice Exam 2023 Solved 100% Correct
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1 Can a lender, as a condition of making a loan, require that any insurance be placed through a particular insurance agent or broker? - ANSWER-The loan recipient may always select a particular agent or broker of their choosing 
 
2 A claimant can be any of the following EXCEPT - ANSWER-EXCEPT a person who is conducting an investigation of a claim on behalf of an insurer 
 
3 All of the following are to be specified in an insurance policy EXCEPT - ANSWER-EXCEPT the financial rating of the insured...
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Macro Summary - Globalisation & The International Economy
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1.	define Globalisation	the process through which nation- al economies, societies and cultures are becoming increasingly intercon- nected through global networks of trade, communication, transportation and immigration 2.	where are levels of globalisation the highest 3.	where are levels of globalisation the lowest 4.	3 Key Characteristics of Globalisa- tion between core countries, as a result of them having sorted out major do- mestic problems, giving them spare capacity to look to solve ...
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NJ property insurance law Exam with complete solutions
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NJ property insurance law Exam with complete solutions 
 
In New Jersey, and insurer must provide at least______ advance notice for cancellation of property coverages for nonpayment of premium 10 days 
 
The employment of another producer by a producer is subject to all of the following requirements, except 
a. the employer shall examine the credentials of the kinds of business described in the contract. 
b. the employer shall be responsible for the insurance related conduct of the employee 
...
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(Answered) Final Exams ECON 1580 Introduction to Economics Latest Fall 2023
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Final Exams ECON 1580 Introduction to Economics Question 1 If the price of chocolate-covered peanuts increases and the demand for strawberry licorice twists increases, this indicates that these two goods are: a. unrelated goods. b. superior goods. c. inferior goods. d. substitute goods. Question 2 A decrease in the demand facing a monopoly firm would _______ quantity and _______ price. The demand is inelastic. a. increase; increase b. increase; decrease c. decrease; increase d. decrease; decreas...
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AD Banker Property and Casualty Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% correct| Grade A
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AD Banker Property and Casualty Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% correct| Grade A 
 
 
Q: An insurer authorized to transact insurance in a particular state by that state's insurance department is known as: 
 
A - A resident insurer 
B - A domestic insurer 
C - A non-admitted insurer 
D - An admitted insurer 
 
 
Answer: 
D - An admitted insurer 
 
An admitted insurer is an insurer authorized to transact insurance in a particular state by that state's departm...
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AD Banker Property and Casualty Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% correct| Grade A
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AD Banker Property and Casualty Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% correct| Grade A 
 
 
Q: An insurer authorized to transact insurance in a particular state by that state's insurance department is known as: 
 
A - A resident insurer 
B - A domestic insurer 
C - A non-admitted insurer 
D - An admitted insurer 
 
 
Answer: 
D - An admitted insurer 
 
An admitted insurer is an insurer authorized to transact insurance in a particular state by that state's departm...
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WGU C211 Global Economics Exam (2024) || All Questions & 100% Verified Answers
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WGU C211 Global Economics Exam (2024) || All Questions & 100% Verified Answers 
WGU C211 Global Economics Exam (2024) || All Questions & 100% Verified Answers 
 
Suppose that the United States imposes a 
tariff on avocados imported from Mexico. 
What impact will this have on the price paid 
for avocados by United States citizens? - ANSWER - The price will increase. 
 
Which of the following is a consequence of a 
country imposing a tariff on imported goods? - ANSWER - The demand for foreign prod...
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WGU C211 Pre- Assessment Global Economics for Managers Exam | Real Questions and Verified Answers| 100% Correct (New 2023/ 2024 Update) Graded A
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WGU C211 Pre- Assessment Global 
Economics for Managers Exam | Real 
Questions and Verified Answers| 100% 
Correct (New 2023/ 2024 Update) Graded A 
 
QUESTION 
What is one way the Federal Reserve influences the reserve ratio? 
 
 
Answer: 
By altering reserve requirements 
 
 
 
QUESTION 
Which fiscal policy would be most effective at raising consumer spending and expanding 
aggregate demand? 
 
 
Answer: 
Lowering target interest rates 
 
 
 
QUESTION 
What is the effect of an increase ...
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ECO 201 Miami University Exam 2 questions with correct answers
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consumer surplus Answer the sum (of each unit sold) of the difference between what the buyer is willing to pay (given by the height of the demand curve) and the price the buyer actually pays (market price) 
 
how is consumer surplus calculated? Answer area beneath the demand curve and above market price for the number of units sold 
 
1/2 base * height 
 
producer surplus Answer the difference between the price received by the seller (market price) and the minimum price the seller is willing to ...