What Is Parallax

question 143

Multiple Choice

What is parallax?

• A) the distance to an object, measured in parsecs
• B) the angle taken up by the size (e.g., diameter) of an object, as seen by an observer
• C) the shift in angular position of an object as it moves in space
• D) the apparent shift in position of an object as the observer moves

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Definitions:

Expected Utility

A theory in economics that quantifies the usefulness an individual expects to gain from consuming a good or choosing a particular action.

Risk-loving

A preference for or an inclination towards taking high risks in pursuit of high rewards, often in the context of investment or economic decisions.

Risk-loving

A preference for options with uncertain outcomes, rather than those with more predictable results, often with the hope of higher rewards.

Marginal Utility

The supplementary enjoyment or value obtained by consuming another unit of a good or service.