Business, 13.11.2019 07:31 insomniacnana2
Life insurance: your company sells life insurance. you charge a 55 year old man $70 for a one year, $100,000 policy. if he dies over the course of the next year you pay out $100,000. if he lives, you keep the $70. based on historical data (relative frequency approximation) the average 55 year old man has a 0.9994 probability of living another year. what is your expected profit on this policy?
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Business, 22.06.2019 19:40
Adistinguishing feature of ecological economics is the concept of cost-benefit analysis steady-state economies that, like natural systems, neither grow nor shrink environmental damage and also environmental benefits are external greenwashing to increase public acceptance of products the only healthy economy is one that is growing
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Business, 22.06.2019 21:20
What business practice contributed most to andrew carnegie’s ability to form a monopoly?
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Business, 23.06.2019 03:00
3. saving two consumers, larry and jeff, have utility functions defined over the two periods of their lives: middle age (period zero) and retirement (period 1). they have the same income in period 0 of m dollars and they will not earn income in period 1. the interest rate they face is r. larry’s and jeff’s utility functions are as follow. = 0.5 + 0.5 and = 0.5 + 0.5 for each person is between zero and one and represents each consumer’s temporal discount econ 340: intermediate microeconomics. ben van kammen: purdue university. rate. a. write the budget constraint that applies to both jeff and larry in terms of consumption in each period and ), interest rate, and m. b. what is larry’s and what is jeff’s marginal rate of intertemporal substitution? c. what is the slope of the budget constraint? d. write each consumer’s condition for lifetime utility maximization. e. re-arrange the conditions from part (d) to solve for the ratio, . f. if > which consumer will save more of his middle age income? g. if > 1 1+ , in which period will larry consume more: = 0 or = 1?
Answers: 2
Life insurance: your company sells life insurance. you charge a 55 year old man $70 for a one year,...
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