Multiple Choice
The last $2,000 of Rolanda's wealth adds less to her utility than the previous $2,000.Based on this information,Rolanda has
A) increasing marginal utility of wealth and is risk averse.
B) increasing marginal utility of wealth and is not risk averse.
C) decreasing marginal utility of wealth and is risk averse.
D) decreasing marginal utility of wealth and is not risk averse.
Correct Answer:
Verified
Correct Answer:
Verified
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