Which of the following best explain why the pain of losing $1,000 exceeds the pleasure of winning $1,000 for risk-averse people? check all that apply. a) the utility function of a risk-averse person exhibits the law of diminishing marginal utility. b) risk-averse people overestimate the probability of losing money. c) the more wealth that risk-averse people have, the more satisfaction they receive from an additional dollar. d) the more wealth that risk-averse people have, the less satisfaction they receive from an additional dollar.

Owning a word is a characteristic of a powerful a. productb. servicec. organization d. brand

What is the relationship between marginal external cost, marginal social cost, and marginal private cost? a. marginal social cost equals marginal private cost plus marginal external cost. b. marginal private cost plus marginal social cost equals marginal external cost. c. marginal social cost plus marginal external cost equals marginal private cost. d. marginal external cost equals marginal private cost minus marginal social cost. marginal external cost a. is expressed in dollars, so it is not an opportunity cost b. is an opportunity cost borne by someone other than the producer c. is equal to two times the marginal private cost d. is a convenient economics concept that is not real

On april 1, the cash account balance was $46,220. during april, cash receipts totaled $248,600 and the april 30 balance was $56,770. determine the cash payments made during april.