John's Utility from an Additional Dollar Increases More When He

question 34

Multiple Choice

John's utility from an additional dollar increases more when he has $1,000 than when he has $10,000.From this,we can conclude that John

• A) is risk averse.
• B) is risk loving.
• C) is risk neutral.
• D) has a negative marginal utility of wealth.

---

Definitions:

NaCl

Sodium chloride, commonly known as table salt, is an ionic compound consisting of sodium and chlorine ions.

Moles

A unit of measurement used in chemistry to quantify the amount of substance, defined as the number of atoms in 12 grams of carbon-12, approximately 6.022 x 10^23 particles.

Moles

A measure of quantity in chemistry that represents 6.022 x 10^23 particles of a substance.

Helium

Helium is an inert gas with the atomic number 2, notable for its low density, lack of color, odor, or taste, and for being the second lightest and second most abundant element in the observable universe.