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Author Question: Expected utility is the utility that arises from expected wealth. Indicate whether the statement ... (Read 65 times)

ec501234

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on: Jun 29, 2018
Expected utility is the utility that arises from expected wealth.
 
  Indicate whether the statement is true or false

Question 2

A voucher can eliminate the deadweight loss and lead to an efficient outcome if the value of the voucher equals the ________ of the good.
 
  A) marginal external benefit
  B) marginal social benefit
  C) marginal private benefit
  D) marginal social cost


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Toya9913

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Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

A


ec501234

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

AngeliqueG

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

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