If an Individual Is Risk-Averse,then His or Her Total Utility

question 149

Multiple Choice

If an individual is risk-averse,then his or her total utility function must display _____ marginal utility.

• A)constant
• B)diminishing
• C)increasing
• D)either constant or diminishing,but not increasing,

---

Definitions:

Planning Phase

The initial stage in a project or strategic plan where goals are defined, and courses of action are developed.

Strategic Marketing Process

A systematic approach to identifying opportunities, developing marketing strategies, and implementing actions to achieve long-term marketing goals.

Industry Trends

Patterns or movements observed within a specific industry over time, indicating the general direction in which it is moving or evolving.

Implementation Phase

The stage in a project or plan where the outlined actions are actually executed or put into practice.