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Author Question: If Pearl is a risk averse, then A) expected utility has nothing to do with her choices. B) she ... (Read 126 times)

DyllonKazuo

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on: Jun 29, 2018
If Pearl is a risk averse, then
 
  A) expected utility has nothing to do with her choices.
  B) she does not have diminishing marginal utility of wealth.
  C) she will not buy insurance.
  D) risk is costly to her.

Question 2

Compared to a single-price monopoly, a perfectly competitive market with the same costs produces ________ output and has a ________ price.
 
  A) less; lower
  B) less; higher
  C) more; lower
  D) more; higher


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reversalruiz

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


DyllonKazuo

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Reply #2 on: Jun 29, 2018
Thank you


reversalruiz

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Reply #3 on: Jun 29, 2018
No problemo


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