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

Author Question: For a risk averse person, the marginal utility of wealth A) decreases as wealth increases. B) ... (Read 215 times)

tatyanajohnson

  • Hero Member
  • *****
  • Posts: 569
on: Jun 29, 2018
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ju

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


tatyanajohnson

  • Member
  • Posts: 569
Reply 2 on: Jun 29, 2018
Excellent

ASDFGJLO

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Assessing a person's spiritual and religious beliefs is an imiportant aspect of nursing care Assessing a person's spiritual and religious beliefs is an imiportant aspect of nursing care
The Power and Control Wheels of Abusive Relationships When one person in a relationship repeatedly ... The Power and Control Wheels of Abusive Relationships When one person in a relationship repeatedly ...
A Breathalyzer is used to measure a person's blood alcohol concentration (BAC) A Breathalyzer is used to measure a person's blood alcohol concentration (BAC)
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Maternal age is the major risk factor for autosomal trisomies of all types. By age 42, about one in Maternal age is the major risk factor for autosomal trisomies of all types. By age 42, about one in
Beak size in finches during dry years increases because of strong selection Beak size in finches during dry years increases because of strong selection
Video: Ultrasound of a Fetus (Sonogram)

For a complete list of videos, visit our video library