« previous next »

Author Question: Someone who is risk-averse has A) diminishing marginal utility of wealth. B) constant marginal ... (Read 79 times)

Mimi

  • Hero Member
  • *****
  • Posts: 542
on: Jul 1, 2018
Someone who is risk-averse 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-neutral.

Question 2

If a market produces a level of output below the competitive equilibrium, then
 
  A) social welfare is not maximized.
  B) consumer surplus might still be maximized.
  C) the actual price will be below the equilibrium price.
  D) social welfare might still be enhanced if a price ceiling keeps price below the competitive price.


dpost18

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

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

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

The Speed of Light Is Constant The Speed of Light Is Constant
Nursing care plan - risk for infection Nursing care plan - risk for infection
Concentration affects where the precipitin line forms. When 1 reactant is held at a constant ... Concentration affects where the precipitin line forms. When 1 reactant is held at a constant ...
Risk assessment analyzes Risk assessment analyzes
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
A constant uniform magnetic field of 0.50 T is applied at right angles to the plane of a flat ... A constant uniform magnetic field of 0.50 T is applied at right angles to the plane of a flat ...
Video: Hemoglobin's affinity with oxygen - carbon dioxide, temperature and bisphosphoglycerate (BPG)

For a complete list of videos, visit our video library