Suppose that the average annual malpractice cost is $50,000 for reckless doctors and $1,000 for careful doctors. If half of an insurance company's insured doctors are reckless, the company will earn zero economic profit if the price of insurance is $nothing. If careful doctors are not willing to pay more than $5,000 for insurance, the price required for zero economic profit is $nothing.

1. $25,500

2. $50,000

Explanation:

Company will earn zero economic profit if the price is $25,500

Insurance price = (50% x $50,000) +  (50% x $ 1,000)

Insurance price = $25,000 + $500

Insurance price = $25,500

If the careful doctors are not willing to pay more than $5,000 for insurance then I am afraid reckless doctors will take the insurance with price of $50,000

c

explanation:

well obviously you must be dumb if you dont noe dat

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.