This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Last year in the United States, the price of snowboards rose by 5 percent and the price rise ... (Read 97 times)

Zulu123

  • Hero Member
  • *****
  • Posts: 525
on: Jun 29, 2018
Last year in the United States, the price of snowboards rose by 5 percent and the price rise resulted in a 15 percent increase in the quantity supplied. This outcome is an indication that
 
  A) the supply curve of snowboards shifted rightward.
  B) the supply of snowboards is price elastic.
  C) some firms entered into the snowboard industry.
  D) All of the above answers are correct.

Question 2

The above figure shows how an individual evaluates a bet in which he or she has a 0.5 probability of receiving 20 and a 0.5 probability of receiving 200. The individual would be indifferent between
 
  A) 110 with certainty or the expected value of the bet.
  B) 80 with certainty or the expected value of the bet.
  C) 200 with certainty or the expected value of the bet.
  D) 20 with certainty or the expected value of the bet.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Pamela.irrgang@yahoo.com

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


Zulu123

  • Member
  • Posts: 525
Reply 2 on: Jun 29, 2018
Excellent

recede

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Astronomers identified 12-billion-year-old white dwarf stars only 100 light years away from Earth Astronomers identified 12-billion-year-old white dwarf stars only 100 light years away from Earth
When the United States gets stuck over a controversial issue—usually something a divided Congress ca When the United States gets stuck over a controversial issue—usually something a divided Congress ca
Primary causes of chronic liver disease in the United States. Primary causes of chronic liver disease in the United States.
Survivorship curves for people in the United States in the early 20th and early 21st centuries Survivorship curves for people in the United States in the early 20th and early 21st centuries
Kudzu native to Asia is overgrowing trees across the southeastern United States. Kudzu native to Asia is overgrowing trees across the southeastern United States.
Video: Non-polar compounds - insolubility

For a complete list of videos, visit our video library