Consider the Following Scenario to Answer the Questions That Follow

question 113

Multiple Choice

Consider the following scenario to answer the questions that follow.
Ivett and Brenda are considering playing a game called Matching Fifties. In this game, Ivett and Brenda will each place a $50 bill on the table. Both players will then toss a fair coin. If both Ivett and Brenda toss heads or if they both toss tails, Ivett wins the $100 on the table. If one woman tosses heads and the other tosses tails, Brenda wins the $100 on the table.
-Ivett decides that she is not willing to play this game because a loss of $50 to Brenda will cause her to lose more utility than she should gain if she won $50 from Brenda.Ivett would be considered risk ________,but if she was risk ________,she would be willing to play the game.

• A) loving; averse
• B) neutral; averse
• C) averse; neutral
• D) loving; neutral
• E) neutral; loving

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Definitions:

Local Benefits

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One of the three pillars of sustainability, focusing on improving social equity, community development, and human rights.

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The collective group of individuals engaged in or available for work, either in a specific company or in a country or region.

Customers

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