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Author Question: Taking actions that reduce risk A) raise your expected value. B) makes you less risk-averse. C) ... (Read 69 times)

kshipps

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on: Jul 1, 2018
Taking actions that reduce risk
 
  A) raise your expected value.
  B) makes you less risk-averse.
  C) are impractical in most circumstances.
  D) change your utility function.

Question 2

Let the production function be q=ALaKb. The function exhibits increasing returns to scale if
 
  A) a + b = 1.
  B) a + b > 1.
  C) a + b < 1.
  D) Cannot be determined with the information given.


moormoney

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

A

Answer to Question 2

B


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