Soran is risk averse. If her wealth rises by $100, her total utility increases by 300. If her wealth increases, her total utility will decrease
A) by more than 300.
B) by less than 300.
C) by 300.
D) by some amount that cannot be determined without more information.

Question

Quizplus · Accepted Answer

The Answer of Soran is risk averse. If her wealth rises by $100, her total utility increases by 300. If her wealth increases, her total utility will decrease
A) by more than 300.
B) by less than 300.
C) by 300.
D) by some amount that cannot be determined without more information.

Soran Is Risk Averse