Making many risky bets A) reduces your expected value. B) is ...

[tatyanajohnson]

Making many risky bets
 
  A) reduces your expected value.
  B) is called risk-pooling and can reduce risk.
  C) is irrational.
  D) is called risk pooling and increases your expected value.

Question 2

If price is initially above the equilibrium level,
 
  A) the supply curve will shift rightward.
  B) the supply curve will shift leftward.
  C) excess supply exists.
  D) all firms can sell as much as they want.

[bbburns21]

Answer to Question 1

B

Answer to Question 2

C