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

Author Question: If Pearl is a risk averse, then A) expected utility has nothing to do with her choices. B) she ... (Read 123 times)

DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
on: Jun 29, 2018
If Pearl is a risk averse, then
 
  A) expected utility has nothing to do with her choices.
  B) she does not have diminishing marginal utility of wealth.
  C) she will not buy insurance.
  D) risk is costly to her.

Question 2

Compared to a single-price monopoly, a perfectly competitive market with the same costs produces ________ output and has a ________ price.
 
  A) less; lower
  B) less; higher
  C) more; lower
  D) more; higher


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

reversalruiz

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
Reply #2 on: Jun 29, 2018
Thank you


reversalruiz

  • Sr. Member
  • ****
  • Posts: 327
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

These species are all at risk of extinction. These species are all at risk of extinction.
Diabetes mellitus. The metabolic disease diabetes mellitus, with symptoms of polydipsia, polyuria, a Diabetes mellitus. The metabolic disease diabetes mellitus, with symptoms of polydipsia, polyuria, a
Risk Factors for Cancer Risk Factors for Cancer
Risk Factors for Developing Breast Cancer Risk Factors for Developing Breast Cancer
Risk Factor Categories for Atherosclerotic Cardiovascular Disease Risk Factor Categories for Atherosclerotic Cardiovascular Disease
The Risk of Nuclear Power The Risk of Nuclear Power
Video: Glomerular filtrate rate: pressures that affect GFR, NFP & GFR and blood composition

For a complete list of videos, visit our video library