Suppose there are five suppliers of ice cream in the town of summerville. if the price of ice cream is $2.50 per scoop, firm a is not willing to sell any scoops, firm b is willing to sell 25 scoops, firm c is willing to sell 5 scoops, firm d is willing to sell 10 scoops, and firm e is not willing to sell any scoops. when the price of ice cream is $3 per scoop, firm a is willing to sell 20 scoops, firm b is willing to sell 50 scoops, firm c is willing to sell 35 scoops, firm d is willing to sell 100 scoops, and firm e is willing to sell 40 scoops. from this information we can conclude that firm c sells the most ice cream. the market demand curve between the prices of $2.50 and $3.00 is downward sloping. firm d sells the least ice cream. what would be the market supply curve between the prices?

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?