Concern the CES Utility Function

question 8

Multiple Choice

concern the CES utility function:
-For this utility function,marginal utilities are:​

• A)​negative for
• B)​diminishing only for
• C)​increasing for
• D)​always positive.

---

Definitions:

Standard Deviations

A metric indicating the degree of spread or variability in a collection of numbers, highlighting the distance of individual values from the central mean.

Chebyshev's Theorem

A statistical theorem which states that for any real number greater than one, a certain proportion of values in any data set will be close to the mean, based on the number of standard deviations specified.

Standard Deviations

A measure of the amount of variation or dispersion of a set of values, indicating how spread out the values are from their mean.

Midrange

The arithmetic average of the maximum and minimum values in a data set.