For a utility function that exhibits decreasing martingale utility, the martingale utility is high when:
A) Consumption and utility are low
B) Consumption and utility are high
C) Consumption is low and utility is high
D) Consumption is high and utility is low
A
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A ?gurative comparison helps to explain an unknown concept in terms of a more familiar one
Indicate whether this statement is true or false.
For a high school student, Tim is highly concerned about environmental issues. He is a strong supporter of the garbage recycling and afforestation campaigns taken up by the environmental activists in his neighborhood
He wants to become a full time volunteer for their upcoming wildlife protection program and has even saved money to contribute to the cause. This group of environmental activists can be categorized under which of the following reference groups? A) primary group B) secondary group C) aspirational group D) dissociative group E) cognitive group