Multiple Choice
Figure 27-2.The figure shows a utility function for Britney.
-Refer to Figure 27-2.From the appearance of the utility function,we know that
A) Britney is risk averse.
B) Britney gains less satisfaction when her wealth increases by X dollars than she loses in satisfaction when her wealth decreases by X dollars.
C) the property of diminishing marginal utility applies to Britney.
D) All of the above are correct.
Correct Answer:

Verified
Correct Answer:
Verified
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