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Ber [7]
4 years ago
15

If Joanna is risk averse, then Group of answer choices her utility function exhibits the property of decreasing utility. her uti

lity function exhibits the property of increasing marginal utility. she dislikes bad things more than she likes comparable good things. she is unlike most people, because most people are not risk averse.
Business
1 answer:
andreev551 [17]4 years ago
7 0

Answer:

The correct answer is letter "C": she dislikes bad things more than she likes comparable good things.

Explanation:

Risk-Averse defines an investor who is able to tolerate only a small degree of investment risk. An investor who is risk-averse wants less risk by decision and is able to take less return. These are individuals who are unwilling to leave their comfort zone to explore areas that could provide them higher benefits.

Therefore, <em>if Joana is risk-averse, it is possible she dislikes negative things more than what she likes comparable positive things.</em>

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pochemuha

Answer:

Debit Accounts receivable  $2170

Credit sales revenue  $2000

Credit State tax  $120

Credit Local tax  $50

Explanation:

When sales are made on credit, the entries required are debit Accounts receivable and credit Sales revenue.

Considering the taxes, the entries would then be grossed by the tax percentage and the grossed amount is debited to accounts receivable while the taxes are credited to the tax payable account.

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Local tax

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Total receivable

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7 0
4 years ago
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Answer:

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