Reference no: EM131388409
1. Which of the following goods does not exhibit rivalness in consumption?
a. Free nachos for everyone in class.
b. Free music for everyone in class.
c. Free notebooks for everyone in class.
d. Free mentoring for everyone in class.
2. You sell backup generators with a one-year guarantee to clinics. You offer an extended warranty that covers the next three years. Repairs averaging $4,000 are needed for 2% of unit during this three year period. You charge $400 for the extended warranty, and about 20% of your clients buy it. The extended warranty has been a consistent money loser. Claims average $1,000 per customer. How could this be (choose all that apply)?
a The expected claims exceeds $1000
b. Your customers are probably risk seeking
c. Demand for the extended warranty is inelastic
d. Your firm is probably experiencing adverse selection
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Shifted forward to the consumers of these products
: In 1991, Congress imposed a 10 percent excise tax on the portion of the retail price of certain items that exceeded the following: $30,000 for automobiles, $100,000 for yachts, and $10,000 for jewelry and furs. Evaluate these taxes using the normativ..
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Determine the power that the pump
: The pump shown in Fig. P8.96 delivers a head of 250 ft to the water. Determine the power that the pump adds to the water. The difference in elevation of the two ponds is 200 ft.
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Compared to the yd curve of the standard model
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Identify and critique the key themes in a sections readings
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Goods does not exhibit rivalness in consumption
: Which of the following goods does not exhibit rivalness in consumption? You sell backup generators with a one-year guarantee to clinics. You offer an extended warranty that covers the next three years. Repairs averaging $4,000 are needed for 2% of un..
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At what velocity will the force f
: The 0.4-ft-diameter pipe weights 0.2 lb/ft, and the friction factor is assumed to be 0.02. At what velocity will the force, F, required to hold the pipe be zero?
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What is the current yield
: You paid $888 for a corporate bond that has a 4.54% coupon rate. What is the current yield? Hint: if nothing is mentioned, then assume par value = $1,000
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Explain whether you agree with the peers analysis of case
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Existence of a futures market in human blood
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