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Author Question: The above table shows Sue's total utility from golf and tennis. If the price of each hour of golf is ... (Read 206 times)

Capo

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on: Jun 29, 2018
The above table shows Sue's total utility from golf and tennis. If the price of each hour of golf is twice the price of each hour of tennis, and Sue plays four hours of tennis, then Sue plays
 
  A) one hour of golf.
  B) two hours of golf.
  C) three hours of golf.
  D) four hours of golf.

Question 2

Based on the table and information in the previous question, which of the following is TRUE?
 
  A) George prefers to make 15,000 with certainty than make the investment.
  B) George prefers making the investment than to make 15,000 with certainty.
  C) George is indifferent between making 15,000 with certainty and making the investment.
  D) As the investment has risk George should not make it under any circumstances.


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Missbam101

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

C

Answer to Question 2

A


Capo

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

marict

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Reply 3 on: Yesterday
Excellent

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