This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Consider two upward sloping income-utility curves with income on the horizontal axis. The steeper ... (Read 79 times)

vinney12

  • Hero Member
  • *****
  • Posts: 586
on: Jul 1, 2018
Consider two upward sloping income-utility curves with income on the horizontal axis. The steeper curve represents risk preferences that are more:
 
  A) risk averse.
  B) risk loving.
  C) loss averting.
  D) We cannot answer this question without more information about the shapes of the curves.

Question 2

Although firms earn zero profits in the long run, why is the outcome from monopolistic competition considered to be inefficient?
 
  A) Price exceeds marginal cost.
  B) Quantity is lower than the perfectly competitive outcome.
  C) Goods are not identical.
  D) A and B are correct.
  E) B and C are correct.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

rosiehomeworddo

  • Sr. Member
  • ****
  • Posts: 306
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

D


vinney12

  • Hero Member
  • *****
  • Posts: 586
Reply #2 on: Jul 1, 2018
Correct answers!


rosiehomeworddo

  • Sr. Member
  • ****
  • Posts: 306
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Women who are 65 and older have a lower median income from all sources than men in the same age ... Women who are 65 and older have a lower median income from all sources than men in the same age ...
Stretch shoulder in horizontal flexion by grasping at the forearm and reaching the entire arm across ... Stretch shoulder in horizontal flexion by grasping at the forearm and reaching the entire arm across ...
How Health Interacts with Income How Health Interacts with Income
Capital’s Share of Income in a Cross-Section of Countries Capital’s Share of Income in a Cross-Section of Countries
Relationship between Latitude and Income per Capita Relationship between Latitude and Income per Capita
Survivorship curves. Survivorship curves.
Video: Blood Pressure Measurement

For a complete list of videos, visit our video library