If You Have a Poor Driving Record, You May Be

question 100

Multiple Choice

If you have a poor driving record, you may be forced to do all of the following, except

• A) accept the premium of any insurance company willing to insure you.
• B) prove over several years that you have improved your driving habits.
• C) refrain from filing a claim until your driving record has improved.
• D) pay higher insurance premiums.

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Definitions:

Test Average

The mean score obtained by an individual or group on a series of examinations or tests.

Average Variable Cost

The variable cost per unit of output.

Average Variable Cost

The variable costs associated with production, when divided by the number of units produced, indicate the cost per unit.

Marginal Cost

The cost of producing one additional unit of a good or service, an important concept in economics for determining the optimal level of production.