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

Author Question: If Pearl is a risk averse, then A) expected utility has nothing to do with her choices. B) she ... (Read 86 times)

DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

reversalruiz

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
Reply #2 on: Jun 29, 2018
Thank you


reversalruiz

  • Sr. Member
  • ****
  • Posts: 327
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

These species are all at risk of extinction. Species with “slow” life-h These species are all at risk of extinction. Species with “slow” life-h
Risk for injury Risk for injury
Serotonin and Risk-Taking Behavior Serotonin and Risk-Taking Behavior
Expected and Unexpected Reinforcers Expected and Unexpected Reinforcers
Sample Menu: Carb Choices Sample Menu: Carb Choices
Cultural food preferences often influence food choices. Cultural food preferences often influence food choices.
Video: Simple Diffusion - Ion transport

For a complete list of videos, visit our video library