Bob invests $25 in an investment that has a 50% chance of being worth $100 and a 50% chance of being worth $0. From this information we can conclude that Bob is
A) risk loving.
B) risk neutral.
C) risk averse.
D) Any one of the three above.
D
Economics
You might also like to view...
If the expected rate of return on investment decreases, then most likely the
A. consumption schedule will shift downward. B. consumption schedule will shift upward. C. investment schedule will shift downward. D. investment schedule will shift upward.
Economics
The statement "people should pollute as little as possible" is an example of a
A. non-judgmental statement. B. normative statement. C. factual statement. D. positive statement.
Economics
If marginal productivity is decreasing as more labor is hired, then average productivity must be decreasing as well
Indicate whether the statement is true or false
Economics
What is marginal external cost of production?
What will be an ideal response?
Economics