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

Author Question: If firms meet together to decide on prices and outputs, it is called: a. collusion. b. ... (Read 47 times)

urbanoutfitters

  • Hero Member
  • *****
  • Posts: 530
on: Jun 30, 2018
If firms meet together to decide on prices and outputs, it is called:
 a. collusion.
 b. oligopolistic competition.
  c. price leadership.
 d. a pricing conglomerate.

Question 2

Assume that the utility function of an individual is represented as U = W - 0.001W; where W (his present wealth) = 250,000 . He considers investing in a gamble which would double his wealth if he wins but still leave him with 250,000 if he loses. Given that his probability of winning is 0.6, calculate his expected wealth from the bet.
 a. 300,000
  b. 400,000
  c. 250,000
  d. 100,000


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bubulittle310@msn.cn

  • Sr. Member
  • ****
  • Posts: 281
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

B


urbanoutfitters

  • Member
  • Posts: 530
Reply 2 on: Jun 30, 2018
Excellent

abro1885

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Bay (left) and chestnut (sometimes called "sorrel") are two of the most common coat colors Bay (left) and chestnut (sometimes called "sorrel") are two of the most common coat colors
Reindeer antlers grow again each year under a layer of fur called velvet. This reindeer is losing th Reindeer antlers grow again each year under a layer of fur called velvet. This reindeer is losing th
In 1839 Mary Cragin, at the age of twenty-nine, became a convert to John Humphrey Noyes’s “communism In 1839 Mary Cragin, at the age of twenty-nine, became a convert to John Humphrey Noyes’s “communism
Sodium is so widely available in foods that you don’t have to go out of your way to meet your ... Sodium is so widely available in foods that you don’t have to go out of your way to meet your ...
Prices in Japan before and after Opening to Trade Prices in Japan before and after Opening to Trade
A Gaucher cell showing accumulated fat stored in structures called lysosomes A Gaucher cell showing accumulated fat stored in structures called lysosomes
Video: Pores and Ion Channels

For a complete list of videos, visit our video library