Author Question: Refer to Table 5.3. In order to weigh which of the job choices is riskiest, an individual should ... (Read 61 times)

newyorker26

  • Hero Member
  • *****
  • Posts: 536
Refer to Table 5.3. In order to weigh which of the job choices is riskiest, an individual should look at
 
  A) the deviation, which is the difference between the probabilities of the two outcomes.
  B) the deviation, which is the difference between the dollar amounts of the two outcomes.
  C) the average deviation, which is found by averaging the dollar amounts of the two outcomes.
  D) the standard deviation, which is the square root of the average squared deviation.
  E) the standard deviation, which is the squared average square root of the deviation.

Question 2

Refer to the indifference curve in Figure 3.3. Which of the following statements about marginal utility (MU) is correct?
 
  A) MU(A) = 0.
  B) MU(B) = 0.
  C) MU(A) is negative.
  D) MU(B) is negative.



mohan

  • Sr. Member
  • ****
  • Posts: 362
Answer to Question 1

D

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

For a complete list of videos, visit our video library