(Table: Utility for Terri and Mary) Terri and Mary Are

Multiple Choice

(Table: Utility for Terri and Mary) Terri and Mary are two consumers, each having an income of
$300.The table Utility for Terri and Mary shows the marginal utility that each consumer would receive at various levels above and below their income.Based upon this table, if each consumer were offered insurance to offset the risk of falling income, would pay a
Larger premium because he is the consumer with risk aversion.

A) Terri; more
B) Terri; less
C) Mary; more
D) Mary; less