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The CEO of a publishing company says she is indifferent between the certainty of receiving $7,500 and a gamble where there is 0.5 chance of receiving $5,000 and a 0.5 chance of reveiving $10,000. Also, she says she is indifferent between the certainty of reveiving $10,000 and a gamble where there is a 0.5 chance of receiving $7,500 and a 0.5 chance of receiving $12,500.
a) Draw four points on the utility function of this publishing executive.
b) Does she seem to be a risk averter, a risk lover, or risk neutral?
During this time period, a weather phenomenon called the Dust Bowl also occurred. Conduct an Internet search on The Dust Bowl to discover more about it.
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During an episode of hyperinflation, people tend to do which of the following?
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