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shahabkhon shahabkhon
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The graph shows the demand for insurance by low-cost people (Dlow-cost), the demand for insurance by high-cost people (Dhigh-cost), the premium charged by insurance companies that expect to have a 50-50 mix of customers (P50-50) and the premium charged by insurance companies that expect to have more high-cost people than low-cost people (Ppessimistic).

Assume that P1=$5,500, P2=$8,250, Q1=20, Q2=60, and Q3=168. When the insurance company has an expectation of a 50-50 mix of customers, what percentage of actual customers are high-cost? What percentage are low-cost?
Please round your final answer to two decimal places.

▸ 11.90%, 10.64%

▸ 89.36%, 88.10%

▸ 89.36%, 10.64%

▸ 11.90%,88.10%
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Macroeconomics

Macroeconomics


Edition: 3rd
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mattyca001mattyca001
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shahabkhon Author
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A year ago
Smart ... Thanks!
lolaww
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Yesterday
Thanks
jayfo05
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2 hours ago
Brilliant ツ
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