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Author Question: Jill's utility from an additional dollar increases more when she has 400 than when she has 200. From ... (Read 51 times)

B

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on: Jul 1, 2018
Jill's utility from an additional dollar increases more when she has 400 than when she has 200. From this, we can conclude that Jill
 
  A) has an increasing marginal utility of wealth.
  B) has a decreasing marginal utility of wealth.
  C) is risk neutral.
  D) has a negative marginal utility of wealth.

Question 2

A risk-averse person's expected utility function is
 
  A) decreasing.
  B) convex.
  C) concave.
  D) a straight line.
Microeconomics ¦ Perloff ¦ 8th Edition
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parker125

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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B

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

abro1885

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Reply 3 on: Yesterday
Excellent

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