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gtnhenbr [62]
3 years ago
12

The shape of your utility function implies that you are (a risk-averse or risk-friendly) individual, and, therefore, you ((you w

ould or would not) accept the wager because the difference in utility between B and C is (less than or greater than) the difference between C and A.
Which of the following best explain why the pain of losing $1,000 exceeds the pleasure of winning $1,000 for risk-averse people?
a.The more wealth that risk-averse people have, the less satisfaction they receive from an additional dollar.
b.The utility function of a risk-averse person exhibits the law of diminishing marginal utility.
c. Risk-averse people overestimate the probability of losing money.
d. Risk-averse people are relatively poor and cannot afford to lose any money.
Business
1 answer:
ludmilkaskok [199]3 years ago
5 0

Answer:Defend or critique the following statement: “People who are unable to put aside their own interests should not be on teams.”

Explanation: I have no clue

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An aggregate production function shows​ ________. A. the relationship between a​ country's output and its price level B. various
Maru [420]

Answer:

The correct answer is letter "C": the relationship between a​ country's GDP and its factors of production.

Explanation:

The Aggregate Production Function describes the relationship between a country's Gross Domestic Product (GDP) and the factors of production involved in it. Aggregate Production functions are considered physical and human capital, labor, knowledge, social infrastructure, and natural resources. Production increases as a result of increases in capital, natural resources, and labor.

3 0
3 years ago
Maverick Stars Inc., a U.S.-based multinational company, applies its home-country standards of employment and production in its
IRINA_888 [86]

Answer:

The answer is D. nullifying the reasons for investing in those countries.E. adopting cultural relativism as its approach to ethics.

Explanation:

Most multinational companies establish in less-developed host nations to benefit from cheap labor which results in minimizing products and in turn maximize profits.

4 0
3 years ago
Find the EAR in each of the following cases (Use 365 days a year. Do not round intermediate calculations and round your final an
DENIUS [597]

Answer:

8.3/4= 2.075%

EAR= ((1+R)^4)-1

1.0275^4= 1.085-1

=8.5% is the EAR

17.3/12=1.441%

1.01441^12 -1=1.1873

EAR= 18.73%

13.3/365=0.0364%

1.000364^365=1.142

14.2%

For infinite compounding

EAR= E^rt

R= 10.3

t=1

E^10.3

=1.108

= 10.8%

Explanation:

8 0
3 years ago
The sales manager is convinced that a 11% reduction in the selling price, combined with a $65,000 increase in advertising, would
Zarrin [17]

Answer:

net income increase of 11.25%

Explanation:

If the price p is reduced a 11% means that new price will be p(1-0.11)

New price = 0.89p

The new quantities demandes will increase a 25%, this means that the new quantities will be Q*(1+.025) = 1.25Q

So, the net income under this new circunstances will be

1.25 Q * 0.89P = 1.1125 P*Q

This means a net income increase of 11.25%

8 0
3 years ago
What law says that borrowers must receive a good faith estimate of the closing costs within three business days of the loan appl
Dmitry_Shevchenko [17]

The answer is the Real Estate Settlement Procedures Act or RESPA. This act was intended to defend possible property holders and allow them to become more intelligent consumers. RESPA necessitates that creditors provide bigger amounts of information to potential borrowers at certain points in the loan settlement process. It also forbids the innumerable parties involved from paying kickbacks to each other.

5 0
4 years ago
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