« previous next »

Author Question: For a risk-averse individual, as wealth increases, total utility ________ and marginal utility ... (Read 180 times)

skymedlock

  • Hero Member
  • *****
  • Posts: 561
on: Jun 29, 2018
For a risk-averse individual, as wealth increases, total utility ________ and marginal utility ________.
 
  A) increases; increases
  B) increases; decreases
  C) decreases; increases
  D) decreases; decreases

Question 2

What is purchasing power parity?
 
  What will be an ideal response?


Chou

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

Purchasing power parity means equal value of money, that is, the exchange rate adjusts so that one currency can buy the same amount of goods and services as another currency.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Gene duplication increases genetic complexity Gene duplication increases genetic complexity
Acromegaly in one individual from a pair of identical twins. Acromegaly in one individual from a pair of identical twins.
Diabetes mellitus. The metabolic disease diabetes mellitus, with symptoms of polydipsia, polyuria, a Diabetes mellitus. The metabolic disease diabetes mellitus, with symptoms of polydipsia, polyuria, a
The Geometry of a Total Solar Eclipse The Geometry of a Total Solar Eclipse
The population of Asia increases rapidly, the demand for food and water is also growing The population of Asia increases rapidly, the demand for food and water is also growing
Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ... Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ...
Video: How a Urinalysis is Performed

For a complete list of videos, visit our video library