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question 39

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Use the following to answer questions:
Figure: Risk Aversion Use the following to answer questions: Figure: Risk Aversion   -(Figure: Risk Aversion)  Look at the figure Risk Aversion. Bob and Nancy have the same income and the same total utility. Nancy is _____ risk-averse than Bob because her marginal utility curve is _____ than Bob's. A)  more; flatter B)  more; steeper C)  less; flatter D)  less; steeper
-(Figure: Risk Aversion) Look at the figure Risk Aversion. Bob and Nancy have the same income and the same total utility. Nancy is _____ risk-averse than Bob because her marginal utility curve is _____ than Bob's.


Definitions:

Business Necessity

A legitimate, documented reason for a business action that is essential for the operation or survival of the business.

Illegal Discrimination

Unfair or unequal treatment of an individual or group based on certain characteristics deemed by law, such as race, age, sex, religion, or disability.

Bona Fide Occupational Qualification

A legal term referring to employment qualifications that are reasonably necessary to the normal operation of a particular business or job.

Corporate Jet

A private aircraft owned or leased by a company for the transport of its executives, employees, or guests.

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