If the Payoff from Outcome a Is Twice the Payoff

question 16

Multiple Choice

If the payoff from outcome A is twice the payoff from outcome B, then the ratio of these utilities will be

• A) ​2 to 1.
• B) ​less than 2 to 1.
• C) ​more than 2 to 1.
• D) ​unknown without further information.

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