This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The above table shows Sue's total utility from golf and tennis. If the price of each hour of golf is ... (Read 105 times)

Capo

  • Hero Member
  • *****
  • Posts: 545
on: Jun 29, 2018
The above table shows Sue's total utility from golf and tennis. If the price of each hour of golf is twice the price of each hour of tennis, and Sue plays four hours of tennis, then Sue plays
 
  A) one hour of golf.
  B) two hours of golf.
  C) three hours of golf.
  D) four hours of golf.

Question 2

Based on the table and information in the previous question, which of the following is TRUE?
 
  A) George prefers to make 15,000 with certainty than make the investment.
  B) George prefers making the investment than to make 15,000 with certainty.
  C) George is indifferent between making 15,000 with certainty and making the investment.
  D) As the investment has risk George should not make it under any circumstances.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Missbam101

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


Capo

  • Member
  • Posts: 545
Reply 2 on: Jun 29, 2018
:D TYSM

fatboyy09

  • Member
  • Posts: 358
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Important Human Viral Table Important Human Viral Table
Localization of a Peptide The peptide is revealed by means of immunocytochemistry. The photomicrogra Localization of a Peptide The peptide is revealed by means of immunocytochemistry. The photomicrogra
Find the lateral area, total surface area, and volume of the frustum Find the lateral area, total surface area, and volume of the frustum
The figure shows an LR circuit with a switch and a 240-volt battery. At the instant the switch ... The figure shows an LR circuit with a switch and a 240-volt battery. At the instant the switch ...
A phylogenetic tree showing the evolutionary relationships among hominoids. The evidence shows that A phylogenetic tree showing the evolutionary relationships among hominoids. The evidence shows that
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: Cerebral Cortex Animation

For a complete list of videos, visit our video library