If a perfectly competitive firm and a perfectly price-discriminating monopolist face the same demand and cost curves, then a. the competitive firm will attain resource-allocative efficiency, but the monopolist will not. b. the competitive firm will attain resource-allocative efficiency, but the monopolist may or may not, depending upon the demand for its product. c. the competitive firm will not attain resource-allocative efficiency, but the monopolist will. d. both the competitive firm and the monopolist will attain resource-allocative efficiency. e. neither the competitive firm nor the monopolist will attain resource-allocative efficiency.

Taking commercial paper means the holder acts honestly

Which steps would you take to determine how much an employee should be paid? select all that apply. determine the number of hours the employee was scheduled to work. determine the number of hours the employee worked. determine whether the employee worked overtime hours. determine whether any of the days worked are holidays that receive holiday overtime payment rates. determine the hourly rate this employee earns. determine whether this is a new employee.

Your company is starting a new r& d initiative: a development of a new drug that dramatically reduces the addiction to smoking. the expert team estimates the probability of developing the drug succesfully at 60% and a chance of losing the investment of 40%. if the project is successful, your company would earn profits (after deducting the investment) of 9,000 (thousand usd). if the development is unsuccessful, the whole investment will be lost -1,000 (thousand usd). your company's risk preference is given by the expected utility function: u(x) v1000 +x, where x is the monetary outcome of a project. calculate the expected profit of the project . calculate the expected utility of the project . find the certainty equivalent of this r& d initiative . find the risk premium of this r& d initiative e is the company risk-averse, risk-loving or risk-neutral? why do you think so?