4 Economics Questions

#1 What are some of the differences among medical security and other types of security enjoy residence or auto? How do these differences assume the dispense constitution of the vigor assiduity? #2 Suppose that a collection of 300 living-souls are seeking vigor security and enjoy fully expected medical expenditures of $1,200,000 for the upcoming year. What would the actuarially priced enhancement be for each component of the collection?  If the security corporation places a 15% loading fee on each device, how fur would they admonish for each device? #3 Suppose that a collection of 100 components after a while fully expected medical expenditures of $900,000 associate the collection of 300 living-souls from doubt 2 (400 whole components).  What would the actuarially priced enhancement be for each component of the collection?  What would the absorb of each device be if the security corporation includes a 15% loading fee? #4 The Herfindahl Hirschman Index (HHI) if frequently used to evaluate the aggregate of emulation in the dispense. A basic statement of the HHI, but using the similar care order, is the disgusting strong tension proportion.  Suppose the top disgusting security companies in your area enjoy dispense shares of 30%, 23%, 18%, and 12% respectively.  What is the HHI of this dispense? Would you dispose the dispense as competitive or collected?  Provide a 1-2 judgment explication.