Arisk-averse person

a. a utility function whose slope gets flatter as wealth rises. this means they have increasing marginal utility of wealth.
b. a utility function whose slope gets flatter as wealth rises. this means they have diminishing marginal utility of wealth.
c. a utility function whose slope gets steeper as wealth rises. this means they have increasing marginal utility of wealth.
d. a utility function whose slope gets steeper as wealth rises. this means they have diminishing utility of wealth.

Wilson center is a private not-for-profit voluntary health and welfare entity. during 2017, it received unrestricted pledges of $638,000, 65 percent of which were payable in 2017, with the remainder payable in 2018 (for use in 2018). officials estimate that 14 percent of all pledges will be uncollectible. a. how much should wilson center report as contribution revenue for 2017? b. in addition, a local social worker, earning $20 per hour working for the state government, contributed 600 hours of time to wilson center at no charge. without these donated services, the organization would have hired an additional staff person. how should wilson center record the contributed service?

Match each economic concept with the scenarios that illustrates it

Peter, the marketing manager of a company that manufactures church furniture, has been given the job of increasing corporate profits by five percent during the upcoming year. peter decided to give his assistant the full responsibility and authority for developing a mailing campaign to target churches in an entire state. in other words, peter has