Figure 15-8 -Refer to Figure 15-8. What Is the Area of Deadweight

question 194

Multiple Choice

Figure 15-8
-Refer to Figure 15-8. What is the area of deadweight loss?

• A)the rectangle (A-
• C)*X
• B)the triangle 1/2[(A-
• C)*(Y-
• X)]
• C)the triangle 1/2[(A-
• B)*(Y-
• X)]
• D)the rectangle (A-
• C)*X plus the triangle 1/2[(A-
• C)*(Y-

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Definitions:

Binder

A written, temporary insurance policy.

Policy

In insurance law, a contract for insurance coverage. The policy spells out the precise terms and conditions as to what will and will not be covered under the contract.

Potential Loss

The possibility of experiencing a negative outcome, often calculated in terms of financial impact.

Risk

A prediction concerning potential loss based on known and unknown factors.