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Author Question: Van, whose utility of wealth curve is shown in the above figure, owns a home that is valued at ... (Read 40 times)

ts19998

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on: Jun 29, 2018
Van, whose utility of wealth curve is shown in the above figure, owns a home that is valued at 100,000. There is a 10 percent chance that the house will be destroyed by hurricane. The value of insurance to Van is
 
  A) 10,000.
  B) 15,000.
  C) 20,000.
  D) 30,000.

Question 2

A merger will be challenged by the FTC in a market where the Herfindahl-Hirschman Index (HHI) is ________, and the merger would increase it to ________.
 
  A) 2,900; 3,100.
  B) 1,700; 1,760
  C) 800; 950
  D) 2,000; 2,040


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beccamahon

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


ts19998

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Reply #2 on: Jun 29, 2018
Correct answers!


beccamahon

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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