15. The utility derived from unfair and full insurance ____________________ utility derived from unfair and partial...

15. The utility derived from unfair and full insurance ____________________ utility derived from unfair and partial insurance.

Group of answer choices

is always greater than

is always inferior to

can be greater than, less than, or equal to the

not enough information to determine

Expert Solution

15

Answer: Is alway greater than

The utility derived from unfair and full insurance is larger than utility earned from unfair and partial insurance.

Partial insurance puts a burden on insurance beneficial as well. Thus, his utility gets reduced if partial insurance is paid to him. it is also called deductible or co-insurance.

Rahul Sunny answered 2 years ago

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