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 124 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?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Many hobbies and leisure activities have some risk of health-related injuries Many hobbies and leisure activities have some risk of health-related injuries
Adolescent females who participate in activities such as ballet are at risk for eating disorders Adolescent females who participate in activities such as ballet are at risk for eating disorders
Monopoly, patented in 1935, was an instant best-seller: Players risk all their assets in an attempt Monopoly, patented in 1935, was an instant best-seller: Players risk all their assets in an attempt
What Reduces the Risk of Divorce? What Reduces the Risk of Divorce?
Genes and Risk Factors for Alzheimer Disease Genes and Risk Factors for Alzheimer Disease
Bateson and Punnett’s Observed and Expected Phenotypes in F2 Sweet Peas Bateson and Punnett’s Observed and Expected Phenotypes in F2 Sweet Peas
Video: Calvin cycle (The light-independent reactions )

For a complete list of videos, visit our video library