Gunnar can work as a campus security officer at a guaranteed ...

[kamilo84]

Gunnar can work as a campus security officer at a guaranteed salary of 20,000 per year or as a real estate agent.
 
  If Gunnar works as a real estate agent, there is a 50 percent chance that he will earn 10,000 per year and a 50 percent chance that he will earn 30,000 per year. Based on the table above, Gunnar's expected utility if he works as a real estate agent is A) 170.
  B) 85.
  C) 20.
  D) 90.

Question 2

A deadweight loss
 
  A) is possible only if the good is underproduced but is not possible if the good is overproduced.
  B) subtracts only from producer surplus.
  C) is a loss to consumers and a gain to producers.
  D) is a loss inflicted on the entire society.

[morrie123456]

Answer to Question 1

B

Answer to Question 2

D