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Author Question: Someone who is risk-preferring has A) diminishing marginal utility of wealth. B) constant ... (Read 20 times)

luvbio

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on: Jul 1, 2018
Someone who is risk-preferring has
 
  A) diminishing marginal utility of wealth.
  B) constant marginal utility of wealth.
  C) increasing marginal utility of wealth.
  D) less marginal utility of wealth than someone who is risk-preferring.

Question 2

If a firm doubles inputs and produces three times the output, then there are
 
  A) constant returns to scale.
  B) diminishing marginal product.
  C) decreasing returns to scale.
  D) increasing returns to scale.


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Kaytorgator

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

D


luvbio

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Reply 2 on: Jul 1, 2018
Wow, this really help

Dominic

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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