-The Chairman of the Economics Department at What's a Matter

question 7

Multiple Choice

-The Chairman of the Economics Department at What's A Matter U says that fundraisers should be hired as long as their marginal donations exceed their marginal labour costs.Following this criterion,__________ employees are hired and the "net benefit" (total donations minus total labour costs) is __________.

• A) 1;$22,000
• B) 2;$25,426
• C) 3;$25,426
• D) 2;$3,476
• E) 2;$42,426

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Definitions:

Nature of Risk

The inherent features and characteristics of risk, including its potential to lead to negative outcomes or loss.

Conflagration Insurance

Insurance coverage designed to protect against losses from large and intensive fires that consume a wide area and a large amount of property.

Property Damage

Harm or destruction that affects the value or use of physical property.

Personal Injuries

Physical or emotional harm caused to an individual, often leading to legal action in order to receive compensation.