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 56 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
Wow, this really help

rachel

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Some male birds and mammals congregate in communal courting grounds called leks. Some male birds and mammals congregate in communal courting grounds called leks.
Gasoline prices Gasoline prices
The Land Ordinance of 1785 called for surveying and dividing the Western Territories into square mil The Land Ordinance of 1785 called for surveying and dividing the Western Territories into square mil
Colon with diverticulosis. An inflamed or infected diverticulum is called diverticulitis. Colon with diverticulosis. An inflamed or infected diverticulum is called diverticulitis.
A manufacturer of cat towers wishes to locate a super assembly facility to meet their cat tower ... A manufacturer of cat towers wishes to locate a super assembly facility to meet their cat tower ...
Different forms of a gene are called alleles Different forms of a gene are called alleles
Video: Double Stranded DNA Molecule Animation

For a complete list of videos, visit our video library