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

Author Question: An increase in Todd's wealth from 2 million to 4 million raises his utility from 400 units to 500 ... (Read 75 times)

vHAUNG6011

  • Hero Member
  • *****
  • Posts: 514
on: Jun 29, 2018
An increase in Todd's wealth from 2 million to 4 million raises his utility from 400 units to 500 units. If he has a utility of wealth curve with the typical shape showing risk aversion, then with a wealth of 6 million his utility might be
 
  A) 500 units.
  B) 570 units.
  C) 600 units.
  D) 620 units.

Question 2

The table above gives the demand schedule for water bottled by Wanda's Healthy Waters. Wanda's marginal cost is a constant 4 a bottle and has no fixed cost. Wanda's makes an economic profit of ________ a day.
 
  A) 0
  B) 24
  C) 36
  D) 60


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Edwyer

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


vHAUNG6011

  • Member
  • Posts: 514
Reply 2 on: Jun 29, 2018
Wow, this really help

Hdosisshsbshs

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes
China’s 8% annual increase in oil consumption China’s 8% annual increase in oil consumption
Mars's average distance from the Sun is roughly 230 million km (1.5 AU) and its orbital period Mars's average distance from the Sun is roughly 230 million km (1.5 AU) and its orbital period
A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact, A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact,
Atmospheric pressure decreases with increase in altitude. Atmospheric pressure decreases with increase in altitude.
Compression used to increase circulation when the athlete is clothed. Compression used to increase circulation when the athlete is clothed.
Video: Ultrasound of a Fetus (Sonogram)

For a complete list of videos, visit our video library