Which of the Following Are Not Discounts for PAP Coverage

question 113

Multiple Choice

Which of the following are not discounts for PAP coverage?

• A) good student discount
• B) anti-theft equipment discount
• C) low miles per gallon discount
• D) accident free discount
• E) all of the above are discounts for PAP.

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Definitions:

Wage Rate

The wage rate is the amount of compensation a worker receives per unit of time worked, often expressed per hour or per year.

Marginal Revenue Product

The extra revenue generated by employing one additional unit of a resource, such as labor or capital.

Diminishing Marginal Returns

A principle stating that after an optimal point, further increases in one input while holding others constant will result in smaller and smaller gains in output.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a variable input.