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 18 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
Thanks for the timely response, appreciate it

parshano

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Animals of Hindustan monkeys called bandar that can be taught to do tricks Animals of Hindustan monkeys called bandar that can be taught to do tricks
Cataract extraction. The procedure involves a surgical removal of a cataract lens and its replacemen Cataract extraction. The procedure involves a surgical removal of a cataract lens and its replacemen
Earth’s history is divided into nested sets of time--eons, eras, periods, and epochs--and is called Earth’s history is divided into nested sets of time--eons, eras, periods, and epochs--and is called
Inputs and Outputs of the Cerebellum Inputs and Outputs of the Cerebellum
Rubella rash in a young child. Rubella is also called 3-day measles or German measles. Rubella rash in a young child. Rubella is also called 3-day measles or German measles.
Alternative splicing of pre-mRNA for a muscle protein called α-tropomyosin Alternative splicing of pre-mRNA for a muscle protein called α-tropomyosin
Video: Secondary and tertiary levels of protein structure Animation

For a complete list of videos, visit our video library