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

Author Question: The above figure shows the market for apples. If a consumer group convinces the government to set a ... (Read 17 times)

mydiamond

  • Hero Member
  • *****
  • Posts: 804
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

IAPPLET

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


mydiamond

  • Hero Member
  • *****
  • Posts: 804
Reply #2 on: Jul 1, 2018
Correct answers!


IAPPLET

  • Sr. Member
  • ****
  • Posts: 333
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

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

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
Splicing mechanisms in group I and group II self-splicing introns and spliceosom Splicing mechanisms in group I and group II self-splicing introns and spliceosom
A group therapy session. A group therapy session.
Basic Food Group Choices for a 1,200 Calorie Eating Plan Basic Food Group Choices for a 1,200 Calorie Eating Plan
Mobilize the joints in the hand. Follow with figure-8s at the knuckles and scissoring the ... Mobilize the joints in the hand. Follow with figure-8s at the knuckles and scissoring the ...
Nuts are also a good source of B group vitamins (including folate), and vitamin E Nuts are also a good source of B group vitamins (including folate), and vitamin E
Video: Fermentation - When Oxygen Is Absent, Pyruvate to Lactate & Pyruvate to Ethanol

For a complete list of videos, visit our video library