If a risky cash flow of $10,000 is equivalent to a riskless cash flow of $9,300, the certainty equivalent factor is

The production possibilities curve has a negative slope because

a. producing more of one good means producing less of the other b. efficiency declines as more of one good is produced c. consumers want to buy more of a good as its price decreases d. it becomes harder to find workers as more goods are produced e. the law of increasing costs is violated

Think about cost structures associated with each of the following and decide which is most likely not to be a natural monopoly

a. personal computer company b. electric company c. cable television company d. water company e. local telephone company