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Home Q & A Board Other Fields Homework Help Business Economics
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anthonydel117 anthonydel117
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5 years ago

Question 1.

For a given individual, as their income decreases, their utility from that income



▸ increases at an increasing rate.

▸ decreases at a decreasing rate.

▸ increases at a decreasing rate.

▸ decreases at an increasing rate.

Question 2.

A diagram of an individual's utility from income will be a line with a constant slope if the individual is risk-neutral.



▸ true

▸ false
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
Read 45 times
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ShaeTime3ShaeTime3
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5 years ago
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anthonydel117 Author
wrote...
#2
5 years ago
Thank you
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