Multiple Choice
Which of the following is correct concerning a risk-averse person?
A) She would not play games where the probability of winning and losing a dollar are the same.
B) She might not buy health insurance if she thinks her risks are low.
C) Her marginal utility of wealth decreases as her income increases.
D) All of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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Q23: Figure 27-1.The figure shows a utility function.
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Q33: Figure 27-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7555/.jpg" alt="Figure 27-4