If an Individual's Utility Function Is Quasi-Concave,his or Her MRS

question 5

Multiple Choice

If an individual's utility function is quasi-concave,his or her MRS will:

• A)diminish as x is substituted for y.
• B)increase as x is substituted for y.
• C)be undefined except in special cases.
• D)always depend only on the ratio of x to y.

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

---

Definitions:

Compound-interest

Interest computed on both the original sum invested or loaned, as well as on the interest that has been added to this principal amount over earlier periods.

GIC

A Guaranteed Investment Certificate, a Canadian investment that offers a guaranteed rate of return over a fixed period.

Investment

The allocation of resources, such as time, money, or effort, in hope of generating a future benefit or profit.

Strip Bond

A debt security that has had its main components, namely the coupon and the principal, separated to be sold individually as zero-coupon bonds.