« previous next »

Author Question: Catherine is risk-averse. When faced with a choice between a gamble and a certain level of wealth ... (Read 62 times)

Starlight

  • Hero Member
  • *****
  • Posts: 567
on: Jul 1, 2018
Catherine is risk-averse. When faced with a choice between a gamble and a certain level of wealth she will
 
  A) always prefer the gamble.
  B) always prefer the certain level of wealth.
  C) prefer the gamble if the expected utility from it is higher than the utility from the certain level of wealth.
  D) prefer the certain level of wealth if the expected utility from the gamble is higher than the utility of the certain level of wealth.

Question 2

Producer groups tend to lobby for
 
  A) price floors.
  B) price ceilings.
  C) quantity quotas.
  D) taxes.


thall411

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

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?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Diabetes mellitus. The metabolic disease diabetes mellitus, with symptoms of polydipsia, polyuria, a Diabetes mellitus. The metabolic disease diabetes mellitus, with symptoms of polydipsia, polyuria, a
Diverticulosis. It is the presence of abnormal pouches in the wall of the large intestine (diverticu Diverticulosis. It is the presence of abnormal pouches in the wall of the large intestine (diverticu
Examples of Basic-Level, Subordinate, and Superordinate Concepts Examples of Basic-Level, Subordinate, and Superordinate Concepts
Keeping your feelings to yourself may increase your stress level Keeping your feelings to yourself may increase your stress level
Increased Risk of Knee Osteoarthritis Increased Risk of Knee Osteoarthritis
Increased Cancer Risk with BRCA1 or BRCA2 Mutation Increased Cancer Risk with BRCA1 or BRCA2 Mutation
Video: Inflammation

For a complete list of videos, visit our video library