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Author Question: Someone who is risk-preferring has A) diminishing marginal utility of wealth. B) constant ... (Read 58 times)

luvbio

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Someone who is risk-preferring has
 
  A) diminishing marginal utility of wealth.
  B) constant marginal utility of wealth.
  C) increasing marginal utility of wealth.
  D) less marginal utility of wealth than someone who is risk-preferring.

Question 2

If a firm doubles inputs and produces three times the output, then there are
 
  A) constant returns to scale.
  B) diminishing marginal product.
  C) decreasing returns to scale.
  D) increasing returns to scale.



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Kaytorgator

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Answer to Question 1

C

Answer to Question 2

D




luvbio

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Reply 2 on: Jul 1, 2018
Excellent


brbarasa

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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