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Author Question: The reservation value of a buyer reflects her ________. A) willingness to pay for a good or ... (Read 31 times)

Yi-Chen

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on: Jun 29, 2018
The reservation value of a buyer reflects her ________.
 
  A) willingness to pay for a good or service
  B) trade-off between buying various goods and services
  C) total utility from a good or service
  D) total income

Question 2

Which of the following is an important difference between government and privately-owned enterprises?
 
  A) Government can distribute goods without employing discriminatory rationing criteria.
  B) Government can more easily use negative incentives to obtain resources.
  C) Government does not produce exchangeable commodities or services.
  D) Government provides services at a lower opportunity cost.
  E) Government tends to pay close attention to the varying preferences of the people.


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rekilledagain

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

A

Answer to Question 2

B


Yi-Chen

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

cam1229

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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