An agent must keep confidential any information acquired through an agency during the term of the relationship, but can disclose it after the agency ends.

Using the market price (production) method,how much net income should Sarver recognize in Year 1?

A) $42,000
B) $50,000
C) $105,000
D) $125,000

(Scenario: Choosing Insurance) Use Scenario: Choosing Insurance.For $1,000,the Ramirez family can buy insurance that will cover the full cost of repairs.If family members are risk-averse and want to maximize their expected utility,they will: Scenario: Choosing Insurance
The Ramirez family owns three cars and is considering buying insurance to cover the cost of repairs.They face two possible states: in state 1,their cars need no repairs and their income available for purchasing other goods and services is $50,000;in state 2,their cars need $10,000 worth of repairs and their income available for purchasing other goods and services is reduced to $40,000.The probability of repairs is 10%,while the probability of no repairs is 90%.

A) buy the insurance.
B) be indifferent between buying and not buying the insurance since their expected income for purchasing other goods and services is $49,000,regardless of what they do.
C) buy the insurance as long as the utility of having a certain income of $48,000 to buy goods and services other than car repairs is higher than the utility associated with their expected income without insurance.
D) self-insure.

At the point where marginal cost equals average total cost, average total cost will be

A) at its maximum.
B) decreasing.
C) increasing.
D) at its minimum.

Getting "psyched up" and highly motivated to perform in key competitions is the way to build self-efficacy called emotional arousal.

In 2017, the greatest number of legal immigrants arriving in the United States came from

A) India and North Korea.
B) the Dominican Republic and Cuba.
C) China and Vietnam.
D) Mexico and China.