--%>
Assignment Help - homework help

Risk and Uncertainty

In word of Frank Knight, risk: (w) exists when the probability of any specified event can be predicted. (x) appeals to the gambler personalities of innovators who next in social progress. (y) is irrelevant to good calculates of the economic costs of production. (z) is a synonym for uncertainty.

Hello guys I want your advice. Please recommend some views for above Economics problems.

   Related Questions in Microeconomics

  • Q : Competitive Profit Maximization Can

    Can someone please help me in finding out the accurate answer from the following question. The profit-maximizing competitive firm hiring from the competitive labor market will be in balance or equilibrium where: (i) w = MRC. (ii) MPP = MRC. (iii) VMP = MPP. (iv) VMP =

    		•
  • Q : Determine total revenue with formula

    Please help me to solve the problem of total revenue that is given below: Total revenue can be computed by the formula as: (w) P + Q. (x) P * Q. (y) ep * P. (z) ep * Q. Hello gu

    		•
  • Q : Effect of national income on Normal

    A possible demonstration for economy-wide rises in demands for such goods as latest cars and clothes would be that: (1) National income has risen. (2) The economy is fall into recession. (3) The prices of the goods go up. (4) Prices were cut for the c

    		•
  • Q : Labor Unions and Inflation Even

    Even although less than 12 percent of labor in the U.S. is unionized, numerous argue that unions are the primary cause of inflation as union wage hikes: (i) Cause unemployment that is inflationary. (ii) Frequently serve as the goals in recognizing non-union wage. (iii

    		•
  • Q : Problem on I-Proprietorships The

    The business owned and operated by the lone individual is a/an: (i) Unit of labor. (ii) Entrepreneurship. (iii) Corporation. (iv) Sole proprietorship. Can someone please help me in finding out the accurate answer from the above opt

    		•
  • Q : Price elasticity coefficient at

    Every point beside a vertical demand curve (when there was such a thing) would include a price elasticity coefficient equivalent to: (1) 1. (2)  1. (3) zero. (4) infinity. (5)  1/2. Hey friends please giv

    		•
  • Q : Profit margins Examine within your

    Examine within your answer the circumstances that will enable a company to pass on cost increases to customers and protect profit margins. For example- price sensitivity of demand, rising food prices, cotton prices, etc.

    		•
  • Q : Long-run economic losses in a

    Expectations of long-run economic losses within a competitive industry as: (1) inevitably follow “cut throat” pricing policies. (2) cause firms to leave the industry. (3) increase each firm’s long-run fixed costs. (4) create pressure

    		•
  • Q : Characteristic of the market system

    Select the right ans wer of the question. Which of the following is not a characteristic of the market system? A) private property. B) freedom of enterprise. C) government ownership of the major industries. D) competition in product and resource markets.

    		•
  • Q : Horizontal individual demand curves The

    The market demand curve is recognized by: (i) Vertically summing up individual demand curves. (ii) Graphing intersections of demand and supply over time. (iii) Holding quantity constant while summing up each price on demand curve. (iv) Horizontally summing up individu

    		•