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David's Utility Function If David's Current Wealth Is $61,000,then

Question 49

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David's Utility Function
David's Utility Function If David's current wealth is $61,000,then A) his gain in utility from gaining $1,000 is less than his loss in utility from losing $1,000.David is risk averse. B) his gain in utility from gaining $1,000 is less than his loss in utility from losing $1,000.David is not risk averse. C) his gain in utility from gaining $1,000 is greater than his loss in utility from losing $1,000.David is risk averse. D) his gain in utility from gaining $1,000 is greater than his loss in utility from losing $1,000.David is not risk averse.
If David's current wealth is $61,000,then


A) his gain in utility from gaining $1,000 is less than his loss in utility from losing $1,000.David is risk averse.
B) his gain in utility from gaining $1,000 is less than his loss in utility from losing $1,000.David is not risk averse.
C) his gain in utility from gaining $1,000 is greater than his loss in utility from losing $1,000.David is risk averse.
D) his gain in utility from gaining $1,000 is greater than his loss in utility from losing $1,000.David is not risk averse.

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