A risk-averse person
A)has a utility curve where the slope increases with wealth, and might take a bet with a 70 percent chance of wining $400 and a 30 per chance of losing $400.
B)has a utility curve where the slope increases with wealth, and would never take a bet with a 70 percent chance of wining $400 and a 30 per cent chance of losing $400.
C)has a utility curve where the slope decreases with wealth, and might take a bet with a 70 percent chance of wining $400 and a 30 per chance of losing $400.
D)has a utility curve where the slope decreases with wealth, and would never take a bet with a 70 percent chance of wining $400 and a 30 per cent chance of losing $400.

Question

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The Answer of A risk-averse person
A)has a utility curve where the slope increases with wealth, and might take a bet with a 70 percent chance of wining $400 and a 30 per chance of losing $400.
B)has a utility curve where the slope increases with wealth, and would never take a bet with a 70 percent chance of wining $400 and a 30 per cent chance of losing $400.
C)has a utility curve where the slope decreases with wealth, and might take a bet with a 70 percent chance of wining $400 and a 30 per chance of losing $400.
D)has a utility curve where the slope decreases with wealth, and would never take a bet with a 70 percent chance of wining $400 and a 30 per cent chance of losing $400.

A Risk-Averse Person