The certainty equivalent of an uncertain future cost is: equal to its expected value.greater than its expected

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The certainty equivalent of an uncertain future cost is:

equal to its expected value.greater than its expected value.less than its expected value.generally different from its expected value, but the direction of the difference depends on whether the risks are potentially good or bad.

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Intermediate Microeconomics

ISBN: 978-0393123968

9th edition

Authors: Hal R. Varian

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Posted Date: Jan 27, 2023 07:38 AM

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The certainty equivalent of an uncertain future cost is: equal to its expected value.greater than its expected

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Intermediate Microeconomics

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