This topic contains a solution. Click here to go to the answer

Author Question: Would you pay 3.75 for a gallon of gas? and How much would you be willing to pay for a gallon of ... (Read 66 times)

ishan

  • Hero Member
  • *****
  • Posts: 546
Would you pay 3.75 for a gallon of gas? and How much would you be willing to pay for a gallon of gas? are two ways of asking the same question about preferences. This is an example of ______________.
 
  a. transitivity c. intransitive choices
  b. dualism d. procedural invariance

Question 2

The expected value or worth of an outcome at the time of decision is referred to as the ______________.
 
  a. decision utility c. marginal utility
  b. expected utility d. experienced utility



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

TheDev123

  • Sr. Member
  • ****
  • Posts: 332
Answer to Question 1

Answer: d

Answer to Question 2

Answer: a




ishan

  • Member
  • Posts: 546
Reply 2 on: Jun 20, 2018
:D TYSM


DylanD1323

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

For a complete list of videos, visit our video library