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Author Question: The difference between the costs (or benefits) created by both technological and pecuniary ... (Read 53 times)

renzo156

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on: Jul 1, 2018
The difference between the costs (or benefits) created by both technological and pecuniary externalities is that in both cases costs are imposed on _____, but for _____ they are external to the market while _____ are allocated within the market.
 
  a. parties to the transaction; technological externalities; pecuniary externalities
  b. parties to the transaction; pecuniary externalities; technological externalities
  c. third parties; technological externalities; pecuniary externalities
   d. third parties; pecuniary externalities; technological externalities

Question 2

John's utility from an additional dollar increases more when he has 1,000 than when he has 10,000. From this, we can conclude that John
 
  A) is risk averse.
  B) is risk loving.
  C) is risk neutral.
  D) has a negative marginal utility of wealth.


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jlaineee

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

c

Answer to Question 2

A


renzo156

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


jlaineee

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


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