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Lakisha has a utility function for income given by U(I)=√I. Lakisha is ___ (risk averse/risk loving/risk neutral).
Lakisha is considering an investment that would give her an income of $10,000 with a probability of .5 or an income of $20,000 with a probability of .5. The expected utility of this investment is___. (Answer to two decimal places.)
Lakisha is also considering a safe investment that returns a certain income of $14,000. Given her utility function, Lakisha would prefer the investment with ____ (uncertain/certain) income.
Alfred, Beth, and Charles orally agreed to start ABC Computers (“ABC”), a business to manufacture and sell computers. Alfred contributed $100,000 to ABC, stating to Beth and Charles that he wanted to limit his liability to that amount. Charles later ..
q1. according to okuns law if output grew 7 and full-employment output rose 5 what would be the change in the
If other people exploit the same opportunity, what will happen to the cost in Thailand as well as in Malaysia.
Consider a market characterized by the following demand and supply curves: Qd = 1600- 20p and Qs = - 900 + 30p. Calculate the change in producer's surplus. Calculate the deadweight loss of the price ceiling.
Why people at buffet s put more on their plates and eat more the greater the variety of items they have to select from.
Suppose that demand for rollerblades is given by D(p) = A ? p. The cost function for all firms is C(y) = wy2 + f , where f is a fixed set-up cost. The marginal cost of production is MC(y) = 2wy. Assume that the industry is perfectly competitive. Find..
Which three key concepts drive intra-industry trade? Explain how each of these three forces justifies intra-industry trade patterns!
For each item below, draw a graph with quantities of pepperoni pizza on the horizontal axis and quantities of anchovy pizza on the vertical axis to illustrate the following situations. Marvin loves pepperoni pizza and hates anchovy pizza. Mary hates ..
Calculate the expected utility of each project according to this criterion. (c) Is this individual risk adverse, risk neutral, or risk seeking?
q1. evaluate how the following situations will affect the demand curve for ipods. believing that it has significant
determine whether either or both of the mergers should be allowed. Write up you analysis as a recommendation to the Federal Reserve Board, which will use your analysis to make a decision. Be sure that your answer includes the numerical considerati..
Consider a small country that is an exporter of good X. Suppose the government imposes a tariff on imports of good X. Using one graph, showing demand and supply of good X in the home country, carefully illustrate the effect of a tariff imposed by the..
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