Tina purchased a personal umbrella policy with a $1 million limit. her insurer required her to carry liability limits of 250/500/50 under her auto insurance policy. the personal umbrella policy was written with a $1,000 self-insured retention. tina was responsible for an auto accident in which the other driver was severely injured. the other driver's bodily injuries were $400,000 and the property damage was $20,000. how much will the insurer pay under tina's umbrella policy?

Alaska king crab fishing in the 1960s and '70s was a dangerous but rich fishery. boats from as far away as california and japan braved the treacherous gulf of alaska crossing to reach the abundant king crab beds in cook inlet and bristol bay. suddenly, in the early 1980s, the fishery crashed due to over fishing. all crabbing in those areas ended. to this day, there is no crabbing in bristol bay or cook inlet. a. how would an economist explain the decline of the alaska king crab fishery