« previous next »

Author Question: For a risk-averse individual, as wealth increases, total utility ________ and marginal utility ... (Read 95 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?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

A graphical representation of the marginal value theorem. A graphical representation of the marginal value theorem.
These species are all at risk of extinction. These species are all at risk of extinction.
An intra-aortic balloon pump increases circulation to the coronary arteries and decreases the worklo An intra-aortic balloon pump increases circulation to the coronary arteries and decreases the worklo
Alterable and unalterable risk factors for hypertension. Alterable and unalterable risk factors for hypertension.
Nursing diagnositic process - risk for infection Nursing diagnositic process - risk for infection
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
Video: Structures that affect circulation - venous return

For a complete list of videos, visit our video library