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 48 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?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Scientists (group photo) Scientists (group photo)
Group fitness activities geared toward senior citizens can improve their physical strength and ... Group fitness activities geared toward senior citizens can improve their physical strength and ...
Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages
American Government: Roots and Reform, 2009 Edition American Government: Roots and Reform, 2009 Edition
Group Performance Group Performance
Identify the junction nodes in the circuit shown in Figure 21-1. Identify the junction nodes in the circuit shown in Figure 21-1.
Video: Erythropoietin (EPO)

For a complete list of videos, visit our video library