Dane has a car valued at $20,000 that gives him a utility of 80. There is a 5 percent chance that he will have an accident that will make his car worthless, in which case his utility will be zero. His utility from a wealth of $15,000 is 76
The maximum amount Dane will be willing to pay for insurance is A) $1,000.
B) $3,000.
C) $5,000.
D) $15,000.
C
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If cameras and film have a cross elasticity of .985, they are complements
Indicate whether the statement is true or false
Refer to the information provided in Figure 8.4 below to answer the question(s) that follow. 
Figure 8.4 Refer to Figure 8.4. The marginal cost of the third microwave oven is
A. $50. B. $166.67. C. $300. D. indeterminate from this information.
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the equilibrium price for its products and ________ the equilibrium quantity consumed. A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease