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Author Question: The sum of the utilities from each possible outcome of a situation weighted by the probability of ... (Read 40 times)

panfilo

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on: Apr 19, 2019

Question 1

For most people, as their income increases, their utility from that income ________ at a(n) ________ rate.


◦ increases; increasing
◦ decreases; decreasing
◦ increases; decreasing
◦ decreases; increasing

Question 2

The sum of the utilities from each possible outcome of a situation weighted by the probability of that outcome is known as


◦ expected utility.
◦ total utility.
◦ marginal utility.
◦ expected value.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by panfilo on Apr 19, 2019

rnehls

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Reply #1 on: Apr 19, 2019
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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panfilo

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

isabelt_18

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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