Question: if > 1 in your lifetime utility function, then a. your utility function displays increasing marginal returns b. you are risk averse c. you prefer

if > 1 in your lifetime utility function, then

a. your utility function displays increasing marginal returns

b. you are risk averse

c. you prefer utilities received today relative to the future

d. you prefer utilities received in the future relative to today

e. not enough information given

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

On November 1, 2005, Janet Morton and Kim Wong formed Pet Kingdom, Inc., to sell pets and pet supplies. Pertinent information regarding Pet Kingdom is summarized as follows: Pet Kingdom's business...

Q:

Individual banks may well have become so large and interconnected that they simply cannot be allowed to fail. Discussions : (i) measures of systemic risk incorporating the macroeconomic effects of a...

Q:

1. If an individual is risk neutral, then their total utility function must display _____ marginal utility. constant diminishing increasing either constant or diminishing, but not increasing 2. Which...

Q:

Part one. Consider a economy with a constant population of N = 200. Individuals are endowed with y = 10 units of the consumption good when young and nothing when old. 1. What is the equation for the...

Q:

Can you answer for questions below, please! Thank you! Section A (Compulsory) Answer True or False to each of the 24 statements; 1 mark will be given for each correct answer. For each false...

Q:

Wesleyan Economic Working Papers http://repec.wesleyan.edu/ No: 2012-006 Closing the Gender Gap: What Would It Take? Joyce P. Jacobsen January, 2012 Department of Economics Public Affairs Center 238...

Q:

BACKGROUND An SM bond is a 35-year Australian government bond with a face value of $1. They are marketed to consumers saving for retirement (who buy the S part) and investors (who buy the M part)....

Q:

Algorithms in Artificial Intelligence (or, the old name: Introduction to Algorithmic Decision Making) Part 1 Based on slides by David Sarne and Lirong Xia Course Tentative Schedule Introduction...

Q:

Wesleyan Economic Working Papers http://repec.wesleyan.edu/ No: 2012-006 Closing the Gender Gap: What Would It Take? Joyce P. Jacobsen January, 2012 Department of Economics Public Affairs Center 238...

Q:

Using the following attached reading titled "An Institutional Explanation of the Democratic Peace by Bruce Bueno de Mesquita, James D. Morrow, Randolph M. Siverson and Alastair Smith compose a paper...

Q:

Please help me to answer the attached files ................................... INVESTMENT AND PORTFOLIO MANAGEMENT COURSE ASSESSMENT 1 Submission deadline without penalties is 12 October 2017....

Q:

A South Korean research group has isolated and synthesized "daumone," the pheromone that induces hibernation in Caenorhabditis elegans worms when food becomes scarce, thus extending their life span...

Q:

You are the bookkeeper of a hotel. It is a beautiful morning on July 29th. A wedding planning company has booked 48 rooms at (@) $200 in the hotel for one night with the maximum guest occupancy per...

Q:

9. If we are less than certain the human fetus is a person, then we must give it the benefi t of the doubt. If we are certain the human fetus is a person, then we must accord it the right to live. If...

Q:

Coffee shops. Bernice wants to open a chain of coffee shops and begins by asking her friends in various states around the country to invest through the purchase of securities in the coffee shops. Her...

Q:

In a section 351 transaction where the shareholder transfers property (basis of $10, FMV of $20) subject to a business debt (debt of $3) to a corporation in which he receives only the corporations...

Q:

The fractional_part function divides the numerator by the denominator, and returns just the fractional part (a number between 0 and 1). Complete the body of the function so that it returns the right...

Q:

2. Replacement decision: use the following information to determine the replacement value of the building and property. The building measures 600 x 300 feet , 3 stories high and would cost $ 200 per...

Q:

Pepperidge Farm is a line of upscale cookies and biscuits that has recently seen an overall sales decline. Management is confused and concerned about this sales decline and wants to know why. Based...

Q:

3. Stress often increases as we struggle with time management. How well do you manage your time? Take a few minutes and answer each question below. Then spend time developing a time management...

Q:

b. Do you maintain a planning calendara single place to record daily appointments, deadlines, and tasks?

Q:

4. Try a one-day news fast. Do not read, watch, or listen to any news for a day and see how you feel.1. If you were a GE employee and nominated to lead one of the nine self-managed teams, what would...