For a risk averse person, the marginal utility of wealth A) ...

[tatyanajohnson]

For a risk averse person, the marginal utility of wealth
 
  A) decreases as wealth increases.
  B) increases as wealth increases.
  C) decreases as wealth decreases.
  D) remains constant as wealth increases.

Question 2

As Mary's income increases by 20 percent, her demand for tickets to National Hockey League games increases by 10 percent. Mary's demand for tickets is income ________; for Mary, hockey tickets are ________ good.
 
  A) elastic; a normal
  B) inelastic; a normal
  C) elastic; an inferior
  D) inelastic; an inferior

[ju]

Answer to Question 1

A

Answer to Question 2

B

[tatyanajohnson]

TYSM

[Sarahjh]

Thanks for the timely response, appreciate it