Use the following to answer questions:
-(Table: Utility for Terri and Mary) Look at the table Utility for Terri and Mary. Each has an income of $300. _____ 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

Use the following to answer questions: 
-(Table: Utility for Terri and Mary) Look at the table Utility for Terri and Mary. Each has an income of $300. _____ 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 Use the following to answer questions: 
-(Table: Utility for Terri and Mary) Look at the table Utility for Terri and Mary. Each has an income of $300. _____ 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

Use the Following to Answer Questions