Qd Qs 4.75 Price of Coffee ($ per 4.5 cup) 4.25 4 3.75 3.5 3.25 2.75 2.5 2.25 2 1.75 1.5 1.25 1 0.75 0.5 0.25 2. 25 1. 3. 4. 6. 00 Quantity of coffee, thousands of cups 1.5 4.5 6.5 9.5
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- ADVERSE SELECTIONSomet Health Insurance Company wants to sell a health insurance product for $700 permonth. There is no requirement for healthy people to have insurance coverage. Thecompany conducts a survey to see how different populations respond to the proposed cost.People with no illnesses and disabilities, generally the young and healthy, respond that theydo not spend $700 on healthcare in an entire year, and most feel they would not waste somuch money on premiums when the chance of needing surgery or expensive healthcaretreatments is so small. However, older, sicker people think that $700 per month is a greatdeal, as most of them spend far in excess of this amount on healthcare. It seems like agreat deal for them. What will happen to the costs of the health insurance if only the older, sicker peopleenroll?subjective expected utility(SEU)Please show all the steps and answer ASAP. I will rate your answer positively
- Mete is Esra's boyfriend. Esra is expecting a marriage proposal from Mete. Today is Sunday. Mete says Esra that: (1) he is going to propose Esra on Monday or Tuesday or Wednesday or Thursday or Friday, at 10:00 pm. (2) he knows right now the day when he will propose (3) but the day of proposal will be a surprise to Esra: On the day of the proposal, she would not be expecting the proposal that day. Esra says Mete that what he says is impossible. Explain why Esra is right in a few sentences.Don't copy and give old wrong answer plsHow would you test the presence of multicollinearity?
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