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**Unformatted text preview: **b. Campus security has a bike check in that will guard your bike for $15 so there will be no risk of loss. Do you take the campus security deal? Explain. c. What is the maximum you would pay security to check in your bike? d. Next suppose your utility function for money is U = 100(money). Are you risk averse, a risk lover, or risk neutral? Explain. 4) Suppose that the demand for crossing the Golden Gate Bridge is given by the equation Q = 10,000 - 1000P. a. If the toll (P) is $2, how much revenue is collected? b. What is the price elasticity of demand at this point? c. Could the bridge authorities increase their revenues by raising or lowering their price?...

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