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Author Question: In the short run a firm should shut down if it cannot A) make normal profits. B) make economic ... (Read 31 times)

fahad

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on: Jul 1, 2018
In the short run a firm should shut down if it cannot
 
  A) make normal profits.
  B) make economic profits.
  C) cover its variable costs.
  D) cover its fixed costs.

Question 2

Catherine is risk averse. When faced with a choice between a gamble and a certain level of wealth, she will
 
  A) always prefer the gamble.
  B) always prefer the certain level of wealth.
  C) prefer the gamble if the expected utility from it is higher than the utility from the certain level of wealth.
  D) prefer the certain level of wealth if the expected utility from the gamble is higher than the utility of the certain level of wealth.


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aadams68

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

C

Answer to Question 2

C


fahad

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Reply #2 on: Jul 1, 2018
Correct answers!


aadams68

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Reply #3 on: Jul 1, 2018
Great! Please up vote :D


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