« previous next »

Author Question: John's utility from an additional dollar increases more when he has 1,000 than when he has 10,000. ... (Read 81 times)

leilurhhh

  • Hero Member
  • *****
  • Posts: 560
on: Jul 1, 2018
John's utility from an additional dollar increases more when he has 1,000 than when he has 10,000. From this, we can conclude that John
 
  A) is risk averse.
  B) is risk loving.
  C) is risk neutral.
  D) has a negative marginal utility of wealth.

Question 2

John derives more utility from having 1,000 than from having 100. From this, we can conclude that John
 
  A) is risk averse.
  B) is risk loving.
  C) is risk neutral.
  D) has a positive marginal utility of wealth.


reversalruiz

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Species richness increases with island size. Species richness increases with island size.
Shortly after his death, George Washington had already become myth—part Moses, part angel—in this wo Shortly after his death, George Washington had already become myth—part Moses, part angel—in this wo
John Gast, American Progress. John Gast, American Progress.
The mortality rate in the United States increases with age and is lower for women than men at every ... The mortality rate in the United States increases with age and is lower for women than men at every ...
John Hick (1922–2012). John Hick (1922–2012).
Tall safety stands can be used to provide additional support for the vehicle while on the hoist. Tall safety stands can be used to provide additional support for the vehicle while on the hoist.
Video: Premenstrual Syndrome

For a complete list of videos, visit our video library