« previous next »

Author Question: The Denver Broncos is a football team in the NFL, the Colorado Crush was an arena football team, and ... (Read 191 times)

Frost2351

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
The Denver Broncos is a football team in the NFL, the Colorado Crush was an arena football team, and the Highlands Ranch Falcons is a local High School team.
 
  Broncos tickets cost about 415, Crush tickets cost between 30 and 85 and Falcons tickets are 6. What does marginal utility theory predict about the marginal utility per dollar from each of these football games? A) The marginal utility per dollar will be greatest for the Broncos.
  B) The marginal utility per dollar will be equal for all games.
  C) The marginal utility per dollar will be greatest for the Crush.
  D) The marginal utility per dollar will be greatest for the Falcons.

Question 2

Because Don has health insurance, he is more likely to see the doctor when he has a cold. This is an example of
 
  A) adverse selection.
  B) moral hazard.
  C) both moral hazard and adverse selection.
  D) private information.


frankwu0507

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Team of geologists collecting samples for paleomagnetic analysis at Sangiran, Java. Team of geologists collecting samples for paleomagnetic analysis at Sangiran, Java.
In The Gross Clinic (1875), by Thomas Eakins, Professor Samuel Gross’s team of surgeons cuts through In The Gross Clinic (1875), by Thomas Eakins, Professor Samuel Gross’s team of surgeons cuts through
Food, friends, and football . . . a way of life Food, friends, and football . . . a way of life
In 1994 a team of German physicists created an atom of Element 110. If the atom In 1994 a team of German physicists created an atom of Element 110. If the atom
Flo Hyman was a 6 foot 5 inch star on the U.S. women’s volleyball team that won a silver medal in ... Flo Hyman was a 6 foot 5 inch star on the U.S. women’s volleyball team that won a silver medal in ...
Ed Sheeran - The A Team Ed Sheeran - The A Team
Video: Net filtration pressure and lymph formation, edema & blood velocity

For a complete list of videos, visit our video library