If a person is risk averse, then she has negative marginal utility of wealth

Indicate whether the statement is true or false

False. The marginal utility of wealth is positive for the risk-averse person; however, marginal utility diminishes as wealth increases.

Economics

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In the above figure, the line represented by the "4" is the

A) average fixed cost. B) marginal revenue. C) average total cost. D) marginal cost.

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Economics

Refer to the following figure. When quantity demanded is 2,000, what is marginal revenue?

A. 0 B. $10 C. $15 D. -$10 E. $12

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Economics