Refer to Figure 4-3. Kendra's marginal benefit from consuming the third ice cream cone is
A) $13.00. B) $2.50. C) $1.50. D) $0.50.
B
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A person is risk averse if:
A. his indifference curve is tangent to the constant expected consumption line at a point on the guaranteed consumption line. B. he views variability as a bad thing. C. for a given level of expected consumption, he prefers the riskless bundle to a risky one. D. All of these answer choices are correct.
The problem of adverse selection is usually more acute in case of automobile insurance compared to health insurance
Indicate whether the statement is true or false
Which of the following is(are) indexed to inflation?
A. Standard deduction B. Employer contributions to pensions C. Gifts and inheritances D. None of the answer options are correct.
The rule of 70 applies to a growing savings account but not to a growing economy
a. True b. False Indicate whether the statement is true or false