Kevin decided that he wanted to buy a $32,000 new car. He paid $1,000 for a down payment but didn’t have enough cash to pay the rest. He financed the remaining $31,000 at 6%
interest on a six-year term loan. His payments were $513.76 per month. How much did
Kevin end up paying for the car? How much of that was interest payments? Did Kevin
make a good or a bad financial decision? Why?

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

Decision alternatives should be identified before decision criteria are established. are limited to quantitative solutions are evaluated as a part of the problem definition stage. are best generated by brain-storming.

Organizations typically rely on schedules, such as hourly wages and annual reviews and raises.