18. MC Qu. 106 A company had the following assets ... A company had the following assets and liabilities at the beginning and end of the current year: Assets Liabilities Beginning of year $214,000 $88,000 End of the year 245,000 75,000 Common stock in the amount of $15,000 was issued and dividends of $5,000 were declared and paid during the year. What is the amount of net income for the year

With signals from no-claim bonuses and deductibles, a. the marginal cost curve for careful drivers lies to the left of the marginal cost curve for aggressive drivers b. auto insurance companies insure more aggressive drivers than careful drivers because aggressive drivers have a greater need for the insurance c. the market for car insurance has a separating equilibrium, and the market is efficient d. most drivers pay higher premiums than if the market had no signals