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Linda committed a traffic violation that resulted in an accident. She learns first that the violation will result in a $500 fine; she then learns that she will have to pay another $500 for damage caused in the accident .According to prospect theory,
A. she will suffer as much disutility from paying for the accident damage as she does from paying the fine.
B. she will suffer less disutility from paying for the accident damage than from paying the fine.
C. she will suffer more disutility from paying for the accident damage than from paying the fine.
D. she will feel less disutility from paying $1,000 than she would receive positive utility from receiving $1,000.
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A consumer buys only two goods, X & Y. a) If the MRS between X and Y is 2 and the marginal utility of X is 20, what is the marginal utility of Y?
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q.think of another good that you have purchased recently or you could continue with the good you selected in tda i. be
Skectch the fundamental analysis of the supply and demand curve for the British pound in terms of dollars. (The quantity of pounds on the horizontal axis and the US dollars per pound on the vertical axis.
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