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Author Question: The above figure shows the market for apples. If a consumer group convinces the government to set a ... (Read 46 times)

mydiamond

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on: Jul 1, 2018
The above figure shows the market for apples. If a consumer group convinces the government to set a maximum price of 2 per pound, then
 
  A) 300 pounds of apples will be sold at 2.
  B) no apples will be supplied.
  C) no apples will be demanded.
  D) there will be a shortage of 100 pounds of apples.

Question 2

Natasha is going to buy a risky asset that has an expected value of 62, which yields an expected utility of 146. Her risk premium is 19. What is her certainty equivalent?
 
  A) 19
  B) 43
  C) 81
  D) 208


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IAPPLET

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


mydiamond

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Reply #2 on: Jul 1, 2018
Correct answers!


IAPPLET

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Reply #3 on: Jul 1, 2018
Great! Please up vote :D


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