(Table: Marginal Utility of Income for Toni and Marisa) Use Table: Marginal Utility of Income for Toni and Marisa. Each has an income of $300. _____ is more risk averse because _____ would experience a _____ decline in total utility if income were to fall by $100. $$\text { Table: Marginal Utility of Income for Toni and Marisa } \
\begin{array} { | l | l | l | }
\hline \text { Income } & \begin{array} { l }
\text { Toni's Marginal } \
\text { Utility from Income }
\end{array} & \begin{array} { l }
\text { Marisa's Marginal } \
\text { Utility from Income }
\end{array} \
\hline \$ 0 & & \
\hline 100 & 14 & 11 \
\hline 200 & 11 & 7 \
\hline 300 & 6 & 6 \
\hline 400 & 4 & 5 \
\hline 500 & 2 & 4 \
\hline
\end{array}$$

Question

(Table: Marginal Utility of Income for Toni and Marisa) Use Table: Marginal Utility of Income for Toni and Marisa. Each has an income of $300. _____ is more risk averse because _____ would experience a _____ decline in total utility if income were to fall by $100. $$\text { Table: Marginal Utility of Income for Toni and Marisa } \
\begin{array} { | l | l | l | } 
\hline \text { Income } & \begin{array} { l } 
\text { Toni's Marginal } \
\text { Utility from Income }
\end{array} & \begin{array} { l } 
\text { Marisa's Marginal } \
\text { Utility from Income }
\end{array} \
\hline \$ 0 & & \
\hline 100 & 14 & 11 \
\hline 200 & 11 & 7 \
\hline 300 & 6 & 6 \
\hline 400 & 4 & 5 \
\hline 500 & 2 & 4 \
\hline
\end{array}$$

Quizplus · Accepted Answer

Toni is more risk averse because Toni would experience a larger decline in total utility if income were to fall by $100, as indicated by the higher marginal utility from income at lower income levels compared to Marisa.