Suppose That Thom Experiences a Greater Loss in Utility If

Multiple Choice

Suppose that Thom experiences a greater loss in utility if he loses $50 than he would gain in utility if he wins $50. This implies that Thom's

A) marginal utility diminishes as wealth rises, so he must be risk averse.
B) marginal utility diminishes as wealth rises, but we can't tell from this if he is risk averse.
C) marginal utility increases as wealth rises, so he must be risk averse.
D) marginal utility increases as wealth rises, but we can't tell from this if he is risk averse.