Ch28Assignment5 - insurance policy d = “M” A...

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Microeconomics Assignment #3 (Ch. 28), p. 562 #1 & 12 1) a. Price (P) Quantity (Q) $8 1 $7 2 $6 4 $5 7 $4 10 $3 13 $2 16 $1 19 b. Price (P) Quantity (Q) $19 1 $16 2 $13 4 $10 7 $7 10
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$4 13 $2 7 $1 8 12) a. = “A” - A person with a terminal illness buys several life insurance policies through the mail. b. = ”M” - A person drives carelessly because he or she has automobile insurance. c. =”A” - A person who intends to "torch" his or her warehouse takes out a large fire
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Unformatted text preview: insurance policy. d. = “M”- A professional athlete who has a guaranteed contract fails to stay in shape during the off-season. e. = “A” – A woman anticipating having a large family takes a job with a firm that offers exceptional child-care benefits....
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