Author Question: Under perfect price discrimination, consumer surplus A) is less than zero. B) is greater than ... (Read 168 times)

lbcchick

  • Hero Member
  • *****
  • Posts: 550
Under perfect price discrimination, consumer surplus
 
  A) is less than zero.
  B) is greater than zero.
  C) equals zero.
  D) is maximized.

Question 2

When facing a 50 chance of receiving 50 and a 50 chance of receiving 100, the individual pictured in Figure 5.2
 
  A) would pay a risk premium of 10 utils to avoid facing the two outcomes.
  B) would want to be paid a risk premium of 10 utils to give up the opportunity of facing the two outcomes.
  C) would pay a risk premium of 7.50 to avoid facing the two outcomes.
  D) would want to be paid a risk premium of 7.50 to avoid facing the two outcomes.
  E) has a risk premium of 10 utils.



dawsa925

  • Sr. Member
  • ****
  • Posts: 326
Answer to Question 1

C

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

For a complete list of videos, visit our video library