According to the Nonsatiation Assumption in the Markowitz Theory, Investors

Multiple Choice

According to the nonsatiation assumption in the Markowitz theory, investors always prefer portfolios with the higher levels of terminal wealth because

A) they allow the investor to spend more on future consumption
B) the investor will choose the portfolio with the smaller risk
C) diminishing marginal utility makes them risk averse
D) they allow investors to save more in the present period