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Author Question: Jeong's uncompensated demand for gizmos is given by Q = 30 - 2p. Jeong's marginal willingness to pay ... (Read 112 times)

Bernana

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on: Jul 1, 2018
Jeong's uncompensated demand for gizmos is given by Q = 30 - 2p. Jeong's marginal willingness to pay function is
 
  A) 30-2p.
  B) 15-.5Q.
  C) 30-2Q.
  D) -2.

Question 2

According to the cost-benefit principle if a change generates 50,000 in gains and 45,000 in losses,
 
  A) it is desirable.
  B) the gain is not large enough to justify the change.
  C) the desirability depends on who gains and who loses.
  D) it is a Pareto improvement.


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Ksh22

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

A


Bernana

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

adf223

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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