Figure 19-4.The figure shows a utility function for Dexter.
-Refer to Figure 19-4.From the appearance of the utility function,we know that
A) Dexter is risk averse.
B) Dexter gains more satisfaction when his wealth increases by X dollars than he loses in satisfaction when his wealth decreases by X dollars.
C) the property of decreasing marginal utility applies to Dexter.
D) All of the above are correct.

Question

Figure 19-4.The figure shows a utility function for Dexter. 
-Refer to Figure 19-4.From the appearance of the utility function,we know that
A) Dexter is risk averse. 
B) Dexter gains more satisfaction when his wealth increases by X dollars than he loses in satisfaction when his wealth decreases by X dollars. 
C) the property of decreasing marginal utility applies to Dexter. 
D) All of the above are correct.

Quizplus · Accepted Answer

The Answer of Figure 19-4.The figure shows a utility function for Dexter. 
-Refer to Figure 19-4.From the appearance of the utility function,we know that
A) Dexter is risk averse. 
B) Dexter gains more satisfaction when his wealth increases by X dollars than he loses in satisfaction when his wealth decreases by X dollars. 
C) the property of decreasing marginal utility applies to Dexter. 
D) All of the above are correct.