[Answered] A risk-averse person's marginal utility of wealth A) increases as wealth increases. B) decreases ...

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Cooldude101

Hero Member
Posts: 557

on: Jun 29, 2018

A risk-averse person's marginal utility of wealth

A) increases as wealth increases.
B) decreases as wealth increases.
C) is constant.
D) is negative.

Question 2

The table above shows the demand and costs for a single-price monopolist. The firm can maximize its profit by setting its price at

A) 30 per unit.
B) 35 per unit.
C) 40 per unit.
D) 45 per unit.

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jojobee318

Sr. Member
Posts: 298

Reply #1 on: Jun 29, 2018

Answer to Question 1

B

Answer to Question 2

B

Cooldude101

Hero Member
Posts: 557

Reply #2 on: Jun 29, 2018

Thank you

jojobee318

Sr. Member
Posts: 298

Reply #3 on: Jun 29, 2018

No problemo

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