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 215 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
YES! Correct, THANKS for helping me on my review

31809pancho

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

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.

This red-bellied lemur shows clearly the traits that characterize strepsirhine primates. This red-bellied lemur shows clearly the traits that characterize strepsirhine primates.
Harriet Beecher Stowe’s novel, Uncle Tom’s Cabin, became a staple of the mid-nineteenth-century thea Harriet Beecher Stowe’s novel, Uncle Tom’s Cabin, became a staple of the mid-nineteenth-century thea
Louis Comfort Tiffany, Tiffany Studios, Water-lily table lamp. Louis Comfort Tiffany, Tiffany Studios, Water-lily table lamp.
a) When standing, keep your weight over your front leg. b) Avoid placing your foot under the table. ... a) When standing, keep your weight over your front leg. b) Avoid placing your foot under the table. ...
Lawn tennis Lawn tennis
Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ... Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ...
Video: Hyperglycemia Animation

For a complete list of videos, visit our video library