« previous next »

Author Question: Someone who is risk-averse has A) diminishing marginal utility of wealth. B) constant marginal ... (Read 86 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?

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

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Monopoly, patented in 1935, was an instant best-seller: Players risk all their assets in an attempt Monopoly, patented in 1935, was an instant best-seller: Players risk all their assets in an attempt
Common Risk Factors Common Risk Factors
As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ... As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ...
Determining the order and rate constant of an irreversible first-order reaction Determining the order and rate constant of an irreversible first-order reaction
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Video: X chromosome inactivation in calico cats

For a complete list of videos, visit our video library