« previous next »

Author Question: Someone who is risk-averse has A) diminishing marginal utility of wealth. B) constant marginal ... (Read 78 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?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Nursing care plan - risk for infection Nursing care plan - risk for infection
CHD Risk Factors CHD Risk Factors
Reduce Risk of Unintentional Injury Reduce Risk of Unintentional Injury
Algorithm for assessing a patient at risk for self-directed violence. Algorithm for assessing a patient at risk for self-directed violence.
Age is the leading risk factor for cancer Age is the leading risk factor for cancer
Genes and Risk Factors for Alzheimer Disease Genes and Risk Factors for Alzheimer Disease
Video: Bacteriophage (Virus) - Mice Experiment

For a complete list of videos, visit our video library