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Author Question: Marylou, whose utility of wealth curve is shown in the figure above, faces two options. Option A ... (Read 36 times)

Mimi

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on: Jun 29, 2018
Marylou, whose utility of wealth curve is shown in the figure above, faces two options. Option A yields her 200 for sure. Option B has a 0.4 probability of yielding 100 and a 0.6 probability of yielding 300. Marylou
 
  A) picks option A.
  B) picks option B.
  C) is indifferent between option A and option B.
  D) needs more information to make a choice.

Question 2

During an above-full-employment equilibrium, actual GDP is greater than potential GDP.
 
  Indicate whether the statement is true or false


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dajones82

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

A

Answer to Question 2

TRUE


Mimi

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

laurnthompson

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Reply 3 on: Yesterday
Excellent

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