A consumer who is risk neutral is best characterized as . Multiple Choice a. a consumer who prefers high risk regardless of expected gains b. a consumer who may accept a risky prospect even if the expected gain is negative c. a consumer who completely ignores risk and makes his or her decisions based solely on expected values d. a consumer who demands a positive expected gain as compensation for taking risk
Answers: 3
Business, 22.06.2019 05:50
1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls
Answers: 1
Business, 22.06.2019 17:40
Because the demand for wheat tends to be inelastic. true or false
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Business, 22.06.2019 18:30
Health insurance protects you if you experience any of the following except: a: if you have to be hospitalized b: if you damage someone's property c: if you need to visit a clinic d: if you can't work because of illness
Answers: 2
Business, 23.06.2019 12:20
What term refers to a formal on-the-job training program in which a worker shadows someone more experienced in the field?refers to a formal on-the-job training program in which a worker shadows someone more experienced in the field.
Answers: 2
A consumer who is risk neutral is best characterized as . Multiple Choice a. a consumer who prefers...
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