(Table: Utility for Terri and Mary) Terri and Mary are two consumers, each having an income of $300.The table Utility for Terri and Mary shows the marginal utility that each consumer would receive at various levels above and below their income.Based upon this table, is
More risk-averse because ________ has a drop in total utility if income were to fall
By $100.
A)Mary; Mary; larger
B)Terri; Mary; larger
C)Mary; Terri; smaller
D)Terri; Terri; larger

Question

(Table: Utility for Terri and Mary) Terri and Mary are two consumers, each having an income of $300.The table Utility for Terri and Mary shows the marginal utility that each consumer would receive at various levels above and below their income.Based upon this table, is
More risk-averse because ________ has a drop in total utility if income were to fall
By $100.
A)Mary; Mary; larger 
B)Terri; Mary; larger 
C)Mary; Terri; smaller 
D)Terri; Terri; larger

Quizplus · Accepted Answer

The Answer of   (Table: Utility for Terri and Mary) Terri and Mary are two consumers, each having an income of $300.The table Utility for Terri and Mary shows the marginal utility that each consumer would receive at various levels above and below their income.Based upon this table, is
More risk-averse because ________ has a drop in total utility if income were to fall
By $100.
A)Mary; Mary; larger 
B)Terri; Mary; larger 
C)Mary; Terri; smaller 
D)Terri; Terri; larger

(Table: Utility for Terri and Mary) Terri and Mary Are