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

Author Question: A price floor that is set above the equilibrium price A) causes suppliers to lower their prices. ... (Read 15 times)

javeds

  • Hero Member
  • *****
  • Posts: 570
on: Jul 1, 2018
A price floor that is set above the equilibrium price
 
  A) causes suppliers to lower their prices.
  B) is binding.
  C) is non-binding.
  D) creates a shortage.

Question 2

A risk premium
 
  A) is required to get a risk-neutral person to make a fair bet.
  B) is the maximum amount needed to compensate a decision-maker to willingly take a risk.
  C) is the maximum amount a decision-maker would pay to avoid taking a risk.
  D) is the minimum amount a decision-maker would pay to avoid taking a risk.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

poopface

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

C


javeds

  • Member
  • Posts: 570
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

aliotak

  • Member
  • Posts: 326
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Vertebral compression Fractures of the spine (vertebra) can cause severe ”band-like” pain that radia Vertebral compression Fractures of the spine (vertebra) can cause severe ”band-like” pain that radia
Number of lower molar cusps is one of the features used to distinguish sundadonts from sinodonts. Number of lower molar cusps is one of the features used to distinguish sundadonts from sinodonts.
Othmer’s Equilibrium Still Schematic Diagram Othmer’s Equilibrium Still Schematic Diagram
Dermatological changes with myxedema can occur behind the eyes or in the lower leg, as shown here. Dermatological changes with myxedema can occur behind the eyes or in the lower leg, as shown here.
The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ... The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ...
The Hardy–Weinberg equilibrium for autosomal genes The Hardy–Weinberg equilibrium for autosomal genes
Video: Carbohydrate digestion (brush border enzymes, end products) & Carb absorption (fructose, galactose)

For a complete list of videos, visit our video library