A risk-averse agent

A. only cares about expected payoff.
B. does not care about expected payoff.
C. cares about expected payoff as well as the variability of a payoff.
D. only cares about the variability of a payoff.


Answer: C

Economics

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If 2009 is the reference base period, what is the price index for the CPI basket of goods for 2015 in the above table?

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Suppose that the demand for apples in Washington is elastic and the supply is inelastic. If the government of Washington passes a law prohibiting the use of synthetic pesticides that increases the marginal and average costs of producing apples, then:

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Economics

The poverty line is higher than the welfare eligibility income in

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Economics