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Author Question: Refer to the scenario above. People will earn a net benefit of ________ if the discount weight of ... (Read 63 times)

geoffrey

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on: Jun 29, 2018
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


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katheyjon

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

C

Answer to Question 2

A


geoffrey

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

okolip

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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