Arisk-averse person
a. a utility function whose slope gets flatter as wealth rises. thi...
Business, 20.12.2019 01:31 moniquejg1800
Arisk-averse person
a. a utility function whose slope gets flatter as wealth rises. this means they have increasing marginal utility of wealth.
b. a utility function whose slope gets flatter as wealth rises. this means they have diminishing marginal utility of wealth.
c. a utility function whose slope gets steeper as wealth rises. this means they have increasing marginal utility of wealth.
d. a utility function whose slope gets steeper as wealth rises. this means they have diminishing utility of wealth.
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