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The total benefits to society are greater tham the total cost.
Actuarial risk. Insurance companies look at whatever factors they deem are relevant to the risk and statistically determine how many incidents they should expect to pay for and what that costs. They then add it costs and profit. They can be amazingly accurate when they have a large number of policies (the rule of large numbers). Example for auto insurance: Age
Spreading Overheads: As a business grow their fixed costs are spread over a larger output and their unit costs are reduced. Financial Economies: Banks and other lenders tend to see large businesses as less risky investments than smaller businesses and so charge them lower interest rates and lower fees. Capital costs: Some items of capital equipment such as machinery are very large and cannot be adapted for small scale operations -e.g. robotic production lines used in the car industry. The benefits of increased specialisation: In small businesses workers may have to perform several roles. As businesses grow they are able to employ more productive specialists to fill these roles -which reduces costs overall. Increased dimensions: The cost of building a new factory or machine rises by only two thirds as much as the output or capacity increases. Only large firms are able to benefit from this rule. Managerial economies: The size of a business may double but this does not mean that twice as many managers need to be employed. Managerial and administrative costs do not rise in the same proportion as output and so the unit costs of larger businesses may fall.
need to answer a question conserning shut down rule
Shut-down point is when Price equals Minimum Average Variable Cost. At this point the firm is indifferent between producing or shutting down. This is because at the point Total Revenue is equal to Total Variable Cost, so by producing or shutting down, the firm is making a Loss equal to Total Fixed Costs no matter what it chooses to do
it was easier for rich indians to live under british rule
There was no player drafted for the 2006 Rule 4 Draft by the Cleveland Indians.
The Cleveland Indians Jeremy Sowers for the 2004 Rule 4 Draft.
Clint Frazier was chosen for the Cleveland Indians Rule 4 Draft in 2013.
The 2010 Rule 4 Draft player for the Cleveland Indians was Drew Pomeranz.
Alex White was selected for the Rule 4 Draft in 2009 for the Cleveland Indians.
The Cleveland Indians 2008 Rule 4 Draft player was Lonnie Chisenhall.
The Cleveland Indians' pick for the 2005 Rule 4 Draft was Trevor Crowe.
No.
The Cleveland Indians team selected Francisco Lindor for the 2011 Rule 4 Draft.
Beau Mills was selected as the Rule 4 Draft player in 2007 for the Cleveland Indians.
The Indians disapproved of British rule in the late nineteenth century, as they wanted to be independent.