Patrick and susie just welcomed a set of twins to their family and have to decide how to purchase health insurance for the babies. patrick's employer pays for 100% of his monthly health insurance premium of $378, but will not pay for any of the $280 for each additional beneficiary. susie's employer, who pays 63% of her $403 monthly premium, offers to pay 32% of the $310 monthly premium for each additional beneficiary. which would be the most economical way to purchase health insurance for the family? patrick's premiumemployer contributionpatrick$378100%addition al (each)$2800%susie's premiumemployer contributionsusie$40363%additional (each)$31032%a. insure the entire family (patrick, susie, and the twins) with patrick's employer. b. insure the entire family (patrick, susie, and the twins) with susie's employer. c. insure patrick with his employer and susie and the twins with her employer. d. insure susie with her employer and patrick and the twins with his insurer.

Consider the market for gas-powered small cars. assume gas-powered small cars are a normal good. for each of the following events, identify which of the determinants of demand or supply are affected. if demand is unaffected by this event because it creates only a supply change, select the “none” option under the “demand determinant” column. similarly, if supply is unaffected by this event because it creates only a demand change, select the “none” option under the “supply determinant” column. event demand determinant supply determinant people decide to have more children. the price of electric small cars falls. the discovery of a new source of iron ore lowers steel prices. an economic recession lowers people’s wealth. a number of major car dealers decide to switch from selling gas-powered cars to selling electric cars. show the effect of the following event on the market for gas-powered small cars: people decide to have more children for each of the four independent situations, prepare the journal entries to record the exchange on the books of each company.