This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Marylou, whose utility of wealth curve is shown in the figure above, faces two options. Option A ... (Read 90 times)

Mimi

  • Hero Member
  • *****
  • Posts: 542
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dajones82

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

TRUE


Mimi

  • Member
  • Posts: 542
Reply 2 on: Jun 29, 2018
Wow, this really help

nathang24

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

The anterior pituitary is sometimes called the master gland because it secretes many hormones that r The anterior pituitary is sometimes called the master gland because it secretes many hormones that r
New employees should be shown all exits in case of an emergency. New employees should be shown all exits in case of an emergency.
Metastatic spread of the tumor shown with imaging techniques. Metastatic spread of the tumor shown with imaging techniques.
The Wong-Baker “Faces” pain rating scale The Wong-Baker “Faces” pain rating scale
The path of a race car is shown. What is the straight distance from the start to the finish to ... The path of a race car is shown. What is the straight distance from the start to the finish to ...
In the figure, a 10.0-m long bar is attached by a frictionless hinge to a wall and held ... In the figure, a 10.0-m long bar is attached by a frictionless hinge to a wall and held ...
Video: Summation - defined, spatial, temporal & AP generation or not

For a complete list of videos, visit our video library