Refer to the scenario above. People will earn a net benefit of ...

[geoffrey]

Refer to the scenario above. People will earn a net benefit of ________ if the discount weight of the future benefit is 1/10.
 
  A) 950 utils
  B) 930 utils
  C) -600 utils
  D) -950 utils

Question 2

If new firms are expected to enter an existing market, ________.
 
  A) the market price is likely to fall
  B) the market demand is likely to increase
  C) the market supply is likely to fall
  D) the profits of all firms are likely to increase

[katheyjon]

Answer to Question 1

C

Answer to Question 2

A

[geoffrey]

Excellent

[nguyenhoanhat]

Thanks for the timely response, appreciate it