Author Question: The above figure shows four different markets with changes in either the supply curve or the demand ... (Read 62 times)

tnt_battle

  • Hero Member
  • *****
  • Posts: 556
The above figure shows four different markets with changes in either the supply curve or the demand curve. Which graph best illustrates the market for typewriters after technological advances in computerized word-processing software occur?
 
  A) Graph A
  B) Graph B
  C) Graph C
  D) Graph D

Question 2

If fair insurance is offered to a risk-averse person, she will
 
  A) buy enough insurance to eliminate all risk.
  B) not buy any insurance because it is overpriced.
  C) not buy any insurance since the marginal utility of the amount of the payment is positive.
  D) buy enough insurance to cover about half of the possible loss.


nguyenhoanhat

  • Sr. Member
  • ****
  • Posts: 332
Answer to Question 1

D

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

For a complete list of videos, visit our video library