A $10 fee to obtain a driver's license is a

Suppose the market-clearing price of wheat is $2.50 per bushel. At a price above $2.50,

A) supply would equal demand. B) quantity supplied would equal quantity demanded. C) quantity supplied would exceed quantity demanded. D) quantity supplied would be less than quantity demanded.

A decision maker should use subjective probability rather than objective probability

A. if solid data describing the frequencies of various outcomes are available. B. if available data are unlikely to describe the circumstances. C. if one of the outcomes were very desirable. D. if she were very enthusiastic about a project.