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Author Question: Refer to Table 5.3. In order to weigh which of the job choices is riskiest, an individual should ... (Read 14 times)

newyorker26

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on: Jul 1, 2018
Refer to Table 5.3. In order to weigh which of the job choices is riskiest, an individual should look at
 
  A) the deviation, which is the difference between the probabilities of the two outcomes.
  B) the deviation, which is the difference between the dollar amounts of the two outcomes.
  C) the average deviation, which is found by averaging the dollar amounts of the two outcomes.
  D) the standard deviation, which is the square root of the average squared deviation.
  E) the standard deviation, which is the squared average square root of the deviation.

Question 2

Refer to the indifference curve in Figure 3.3. Which of the following statements about marginal utility (MU) is correct?
 
  A) MU(A) = 0.
  B) MU(B) = 0.
  C) MU(A) is negative.
  D) MU(B) is negative.


mohan

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


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