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David's utility is U = 10S + T, where S is rounds of sporting clays and T is rounds of trap (sporting clays and trap are both shotgun sports).
a. Graph David's indifference curve for U = 10.
b. What type of goods are sporting clays and trap?
Incontestability Clause
A provision in a life insurance policy that prevents the insurer from disputing the policy's validity after it has been in force for a certain period, typically two years.
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A contract with an insurance company that provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured's death.
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The act of deliberately reporting one's age as younger than it truly is, often for personal gain or to meet specific requirements.
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Insurance that provides wage replacement and medical benefits to employees injured in the course of employment.
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