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Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
17.     Fire insurance. Insurance companies collect annual payments from homeowners in exchange for paying to re- build houses that burn down.
a)Â Â Â Why should you be reluctant to accept a $300 payment from your neighbor to replace his house should it burn down during the coming year?
b)Â Â Â Why can the insurance company make that offer?
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