This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: As illustrated in the above figure, after 40 gallons are produced each hour at Ike's Ice Cream ... (Read 127 times)

Yi-Chen

  • Hero Member
  • *****
  • Posts: 550
on: Jun 29, 2018
As illustrated in the above figure, after 40 gallons are produced each hour at Ike's Ice Cream Kitchen, the AVC curve starts to slope upward. The AVC starts to slope upward because the
 
  A) MC curve slopes upward.
  B) MC exceeds the AVC.
  C) ATC curve has not yet reached its minimum.
  D) None of the above answers is correct.

Question 2

Insurance companies
 
  A) pool risk and thereby lower people's utility.
  B) can earn a profit only if people are risk neutral.
  C) can increase risk averse people's utility.
  D) try to shift their customers' utility of wealth curves downward.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sierramartinez

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Yi-Chen

  • Member
  • Posts: 550
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

dreamfighter72

  • Member
  • Posts: 355
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Bronchoscopy. Figure illustrates physician using a bronchoscope to inspect the patient’s bronchial t Bronchoscopy. Figure illustrates physician using a bronchoscope to inspect the patient’s bronchial t
Ice Cream Ice Cream
Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages
Figure-8s at the knuckles of the hand. Figure-8s at the knuckles of the hand.
Maple syrup is produced by evaporating most of the water from sap collected from maple trees in Maple syrup is produced by evaporating most of the water from sap collected from maple trees in
Waffle with Vanilla Ice cream Waffle with Vanilla Ice cream
Video: Depolarization of the SA node, Action potentials of the myocardium & ANS effects

For a complete list of videos, visit our video library