Multiple Choice
Figure 27-3
The following figure shows a utility function for Dexter. 
-Refer to Figure 27-3. From the appearance of the utility function, we know that
A) Dexter is risk averse.
B) Dexter gains more satisfaction when his wealth increases by X dollars than he loses in satisfaction when his wealth decreases by X dollars.
C) the property of decreasing marginal utility applies to Dexter.
D) Dexter does not enjoy engaging in risky behavior.
Correct Answer:
Verified
Correct Answer:
Verified
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