For a risk averse person, an increase in wealth brings ________ ...

[karateprodigy]

For a risk averse person, an increase in wealth brings ________ total utility of wealth and ________ marginal utility of wealth.
 
  A) higher; higher
  B) higher; lower
  C) lower; higher
  D) lower; lower

Question 2

Winnie's Car Wash is a perfectly competitive firm. The table above shows Winnie's total product schedule. If the price of a car wash is 5, what is the value of marginal product of the second worker?
 
  A) 100
  B) 20
  C) 30
  D) 125

[scottmt]

Answer to Question 1

B

Answer to Question 2

A

[karateprodigy]

Excellent

[mcabuhat]

Gracias!