« previous next »

Author Question: John's utility from an additional dollar increases more when he has 1,000 than when he has 10,000. ... (Read 83 times)

leilurhhh

  • Hero Member
  • *****
  • Posts: 560
on: Jul 1, 2018
John's utility from an additional dollar increases more when he has 1,000 than when he has 10,000. From this, we can conclude that John
 
  A) is risk averse.
  B) is risk loving.
  C) is risk neutral.
  D) has a negative marginal utility of wealth.

Question 2

John derives more utility from having 1,000 than from having 100. From this, we can conclude that John
 
  A) is risk averse.
  B) is risk loving.
  C) is risk neutral.
  D) has a positive marginal utility of wealth.


reversalruiz

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Running time on 100-meter sprint for men and women master athletes increases with age. Source: Korho Running time on 100-meter sprint for men and women master athletes increases with age. Source: Korho
Vincent van Gogh, Letter to John Peter Russell. Vincent van Gogh, Letter to John Peter Russell.
John Constable, The Hay Wain. John Constable, The Hay Wain.
John Hick (1922–2012). John Hick (1922–2012).
The number of phenotypic classes in the F2 generation increases as the number of genes controlling t The number of phenotypic classes in the F2 generation increases as the number of genes controlling t
Video: Peptide Bond Formation Animation

For a complete list of videos, visit our video library