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Author Question: Which of the following is necessary for efficient markets? A) Positive externalities B) Negative ... (Read 151 times)

ssal

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on: Jun 29, 2018
Which of the following is necessary for efficient markets?
 
  A) Positive externalities
  B) Negative externalities
  C) Pecuniary externalities
  D) Free-riding

Question 2

How long is it worthwhile to continue searching for a 20 bill that you lost if you value your time at 5 an hour?
 
  A) About 2 hours if there is a fifty percent chance of finding it.
  B) About 4 hours, regardless of the probability of finding it.
  C) Only so long as you expect to find it within the next four hours, which could mean far more than four hours of searching.
  D) You cannot make a rational decision without first knowing whether you will find it.
  E) You should not search at all because the lost bill is a sunk cost.


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zoeyesther

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

C

Answer to Question 2

C


ssal

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Reply #2 on: Jun 29, 2018
Thank you


zoeyesther

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Reply #3 on: Jun 29, 2018
No problemo


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