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PtichkaEL [24]
1 year ago
8

if a person is highly risk averse, the marginal utility associated with a negative outcome outweighs the marginal utility from a

positive outcome. higher; higher lower; lower higher; lower lower; higher
Business
1 answer:
Ratling [72]1 year ago
6 0

If a person is highly risk averse, the higher marginal utility associated with a negative outcome outweighs the lower marginal utility from a positive outcome.

<h3>What is marginal utility?</h3>

The extra satisfaction which a consumer receives from possessing one more unit of an item or service is known as marginal utility.

The concept of marginal utility is helps in describing how customers make decisions to get the most out of their limited budgets. In general, until the marginal utility exceeds the marginal cost, consumers will keep buying more of a good.

There are three types of Marginal utility:

  1. Positive Marginal Utility: When having more of something provides you more happiness, you have positive marginal utility. Assume you regularly eat a piece of cake, however a second piece would bring you even more joy. Then the marginal utility from cake consumption is positive.
  2. Zero Marginal Utility:  It occurs when using more of an item provides no additional measure of satisfaction. For instance, you might feel reasonably full after 2 pieces of cake but not significantly better after a third slice. Your marginal utility on eating cake is 0 in this situation.
  3. Negative Marginal Utility: It occurs when you have an abundance of an item, and ingesting more is really hazardous. After eating three slices of cake, the fourth piece of cake may potentially make you sick.

To know more about Marginal utility, check out:

brainly.com/question/15050855

#SPJ4

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nika2105 [10]

Answer:

The statement is TRUE. Time Hop was concerned with physical design

Explanation:

Tech giant, TimeHop was concerned about creating a workspace that was inviting and encouraged collaboration. Knowing that most of its employees would work odd hours, there was care taken to lighting choices and types of furniture. TimeHop was concerned with physical design.

The statement is true.

7 0
4 years ago
In economics, why must consumers, businesses, and governments make choices?
Rainbow [258]
Due to scarcity. There exist unlimited wants but only scarce amount of resources to meet those wants so items must be allocated through a system of prices or through exchange. 
4 0
3 years ago
Assume that Crane Company uses a periodic inventory system and has these account balances: Purchases $630,000; Purchase Returns
Veseljchak [2.6K]

Answer:

Cost of goods sold =$61,5300

Gross Profit = $144,700

Explanation:

Given the information:

  • Purchase : $630,000
  • Purchase Returns and Allowances $25,700
  • Prchases Discounts $10,900
  • Freight-In $18,300
  • beginning inventory of $45,000
  • ending inventory of $64,600
  • net sales of $760,000

As we the, the fomular for total Goods Available for Sale

=   Beginning Inventory + Purchases + Freight-In - Purchase Returns and Allowances - Purchases Discounts

= $45,000 +  $630,000 + $18,300 - $25,700 - $10,900

= $67,9900

=> Cost of goods sold =  Total Goods Available for Sale - ending inventory

= $67,9900 - $64,600

= $61,5300

=> Gross Profit = Net sales - Cost of goods sold

= $760,000 - $61,5300

= $144,700

Hope it will find you well.

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Which of the following statements about high-LPC leaders is most likely true?
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Answer:

D. They are primarily satisfied by establishing and maintaining close interpersonal relationships.

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What is the primary purpose of most television commercials?
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option C to persuade, just took the test

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