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-The Above Figure Shows the Utility of Wealth Curve for a Homeowner

Question 160

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-The above figure shows the utility of wealth curve for a homeowner whose only possession is a $50,000 house. Which of the following statements is TRUE? A) This person has diminishing marginal utility of wealth. B) This person is not risk averse. C) Risky situations cause this person no loss of utility. D) None of the above are correct.
-The above figure shows the utility of wealth curve for a homeowner whose only possession is a $50,000 house. Which of the following statements is TRUE?


A) This person has diminishing marginal utility of wealth.
B) This person is not risk averse.
C) Risky situations cause this person no loss of utility.
D) None of the above are correct.

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