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barxatty [35]
3 years ago
15

From the appearance of the utility function, we know that 2 a. Britney is risk averse. b. Britney gains less satisfaction when h

er wealth increases by X dollars than she loses in satisfaction when her wealth decreases by X dollars. c. the property of diminishing marginal utility applies to Britney. d. All of the above are correct.
Business
1 answer:
patriot [66]3 years ago
7 0

Answer:

The correct answer is d. All of the above are correct.

Explanation:

The marginal utility function is responsible for measuring the level of consumer satisfaction. In this example it can be denoted that Britney looks for expected results where she does not have to risk, which cannot leave her 100% satisfied but it is a way to be sure of the proposed results. For this reason, a wealth situation can exert a feeling of dissatisfaction in it, and on the contrary, you will be more satisfied when your wealth decreases.

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You have just won the lottery and will receive $460,000 in one year. You will receive payments for 27 years, and the payments wi
Zepler [3.9K]

Answer:

The present Value of my winnings = $4,578,716.35

Explanation:

An annuity is a series od annual cash outflows or inflows which payable or receivable for a certain number of periods. If the annual cash flow is expected  to increase by a certain percentage yearly, it is called a growing annuity.

To work out the the present value of a growing annuity,

we the formula:

PV = A/(r-g) ×  (1-  (1+g/1+r)^n)

I will break out the formula into two parts to make the workings very clear to follow. So applying this formula, we can work out the present value of the growing annuity (winnings) as follows.

A/(r-g)

= 460,000/(12%-3%)

= $5,111,111.11

(1-  (1+g/1+r)^n

1 - (1+3%)/(1+12%)^(27)

=0.8958

PV = A/(r-g) ×  (1-  (1+g/1+r)^n)

$5,111,111.11 × $0.8958

= $4,578,716.35

The present Value of my winnings = $4,578,716.35

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3 years ago
How can we avoid water pollution​
MrRissso [65]
We can avoid water pollution by keeping our water clean and trashless.
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3 years ago
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marshall27 [118]

Answer:

D

Explanation:

5 0
3 years ago
Keynes argued that a. monopolistic elements in the economy will prevent an immediate sharp fall in prices as a result of decreas
Scorpion4ik [409]

Answer:

a. monopolistic elements in the economy will prevent an immediate sharp fall in prices as a result of decreasing demand

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When there is recession the price of the factor goes down and with that, the insufficient demand for a certain good or services is eliminated. The reasoning is that the decrease in prices stimulates demand and adjust the market.

Keynes among other economist consider that unemployment increase during recessions because the nominal wages rate do not fall. As the union and worker do not want to see their wage decrease. Same is applied to prices which makes then inflexible in a downward direction.

While "supply creates its own demand" is "Says's Law" which is rejected in keynes main book "The general theory"

Hece option A is the only one which is true

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I’m not sure about the first one (my best guess is B.) but the second one is A.
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