Because costs and benefits are both subjective, a person's decision will always be based on what? a. monetary considerations b. a production possibilities frontier c. diminishing marginal returns d. his or her unique values and beliefs
2b2t

With signals from no-claim bonuses and deductibles, a. the marginal cost curve for careful drivers lies to the left of the marginal cost curve for aggressive drivers b. auto insurance companies insure more aggressive drivers than careful drivers because aggressive drivers have a greater need for the insurance c. the market for car insurance has a separating equilibrium, and the market is efficient d. most drivers pay higher premiums than if the market had no signals