Diminishing Marginal Utility of Wealth Leads to Risk Aversion Because

Multiple Choice

Diminishing marginal utility of wealth leads to risk aversion because at a given level of wealth a dollar gained

A) is worth more in additional utility than a dollar lost.
B) is worth less in additional utility than a dollar lost.
C) is worth as much in additional utility as a dollar lost.
D) does not add to total utility.