Please show your work for questions 8,9,10

Tim is offered two gambles. With Gamble A, he either gains $2 or loses $1 with a 50 percent probability. With Gamble B, he either gains $3 or loses $2 with a 50 percent probability. Tim prefers Gamble B to Gamble A. What can we conclude? a. Tim is risk loving. b. Tim is risk neutral. c. Tim is risk averse. d. Insufficient information to determine. MC09 YOU MUST SHOW YOUR WORK TO GET FULL CREDIT FOR THIS QUESTION If the price of pork chops falls from $8 to $6, and this leads to an increase in demand for apple sauce from 100 to 140 jars, what is the cross-price elasticity of apple sauce and pork chops at a pork chop price of $6 ? a. 1.17 b. 2.71 c. 0.42 d. 0.86 MC10 A study has estimated the effect of changes in interest rates and consumer confidence on the demand for money to be lnM=14.666+.021lnC0.036lnr, where M denotes real money balances, C is an index of consumer confidence, and r is the interest rate paid on bank deposits. Based on this study we know that the interest elasticity is: a. Unitary b. Zero c vervelastic