Albert had a terminal illness which required almost constant nursing care for the remaining two years of his estimated life, according to his doctor. albert had a life insurance policy with a face amount of $100,000. albert had paid $25,000 of premiums on the policy. the insurance company has offered to pay him $80,000 to cancel the policy, although its cash surrender value was only $55,000. albert accepted the $80,000. albert used $15,000 to pay his medical expenses. albert made a miraculous recovery and lived another 20 years. as a result of cashing in the policy: albert must recognize $55,000 of gross income, but he has $15,000 of deductible medical expenses. albert must recognize $65,000 ($80,000 – $15,000) of gross income. albert must recognize $40,000 ($80,000 – $25,000 – $15,000) of gross income. albert is not required to recognize any gross income because of his terminal illness. none of these.

Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?

Which of the following has the largest impact on opportunity cost

As you have noticed, the demand for flip phones has drastically reduced, and there are only a few consumer electronics companies selling them at extremely low prices. also, the current buyers of flip phones are mainly categorized under laggards. which of the following stages of the industry life cycle is the flip phone industry in currently? a. growth stage b. maturity stage c. decline stage d. commercialization stage