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- Applications Solve each problem. Medical plans To save costs, the college in Exercise 96 raised the employee deductible, as shown in the following table. For what size hospital bills is Plan 2 better for the employee than Plan 1 Hint: The cost to the employee includes both the deductible payment and the employees coinsurance payment. Plan 1 Plan 2 Employee pays 200 Employee pays 400 Plan pays 70 of the rest Plan pays 80 of the restChoosing between credit cards. Gabriel Clark recently graduated from college and is evaluating two credit cards. Card A has an annual fee of $75 and an interest rate of 9 percent. Card B has no annual fee and an interest rate of 16 percent. Assuming that Gabriel intends to carry no balance and pay off his charges in full each month, which card represents the better deal? If Gabriel expected to carry a significant balance from one month to the next, which card would be better? Explain. Calculating credit card interest. Ruby Wilson, a student at State College, has a balance of $380 on her retail charge card; if the store levies a finance charge of 21 percent per year, how much monthly interest will be added to Ruby’s account?Break-Even Analysis Jesaki Publishing is planning for a new novel, and figures fixed costs (overhead, advances, promotion, copy editing, typesetting) at $65,000, and variable costs (printing, paper, binding, shipping) at $1.60 for each book produced. The book will be sold to distributors for $12 each. Answer the following questions about this venture. What is the total revenue if Jesaki Publishing breaks even? $ . Round to the nearest dollar.
- The bus fare in a city is $2.25. People who use the bus have the option of purchasing a monthly coupon book for $28.00. With the coupon book, the fare is reduced to $0.50. How many times must someone use the bus so that the total monthly cost without the coupon book is the same as the total monthly cost with the coupon book? Question content area bottom Part 1 Express the total monthly cost to use the bus with a coupon book, f, as a function of the number of times in the month the bus is used, x. Then express the total monthly cost to use the bus without a coupon book, g, as a function of the number of times in the month the bus is used, x.The figure shows estimated medical costs versus what a user actually pays for three health insurance plans with different deductibles. For which plan does the user pay the least for estimated medical costs of $4,000? a) $500 deductible plan b) $1,000 deductible plan c) $2,000 deductible plan d) the user pays the same for all three plansCase Switzerland: If all positions were paid equally, how much would Switzerland spend on wages for data processing in a year? A) CHF 1.03 billion B) CHF 3.45 billion C) CHF 162.5 billion D) CHF 103.9 billion E) CHF 188.5 billion
- Sportsbags Inc. makes and sells hockey jackets for students. Financial projections for this line of products are revenue of $950,000, total variable costs of $220,390, and fixed costs of $548,000. Answer each of the following independent questions. (a) How much is the contribution margin and the contribution rate? (b) How much of this product line does the business need to sell to break even? (c) If the business was to save $8000 in variable costs by offering fewer colours of hockey jackets, how much of this product line does the business need to sell to break even? (d) If a specialized logo was printed on the hockey jackets, the variable costs would increase by 7%, and the fixed costs would increase by $10,000. If the price of the hockey jackets was then increased by 2%, what would be the resulting net income?Tuition costs at various colleges vary from $15,000 to $40,000 annually. These tuitions are expected to increase over time. If the annual rate of increase is 3 percent, what will be the new range in tuition costs in nine years? Use Appendix A to answer the questions. Round your answers to the nearest dollar.The range at 3 percent is $ - $ . If the rate doubles from 3 to 6 percent, what will be the range in tuition costs after nine years? Use Appendix A to answer the questions. Round your answers to the nearest dollar.The range at 6 percent is $ - $ .. The table below states the payoffs in political points (measured in billions of rubles) to two nations that are rivals in world politics, Russia and Ukraine. Each country can take one of two courses: peace; or war. In each cell, the first payoff is for Russia, and the second payoff is for Ukraine. (a) Assume that neither country observes the military strategy of its rival, and solve the game (if it can be solved). Explain your solution step-by-step. Does this outcome maximize total political points? (b) In general, what is a Nash equilibrium? Is the solution to this game a Nash equilibrium? (c) Suppose that each country deposits a fund of two billion rubles with the United Nations. Either country would forfeit this fund if it wages war. What is the solution now to the game? Is this a Nash equilibrium? Russia, Ukraine Peace War Peace 4,4 1, 5 War 5, 1 2,2