For a Utility Function That Exhibits Decreasing Martingale Utility,the Martingale

question 4

Multiple Choice

For a utility function that exhibits decreasing martingale utility,the martingale utility is high when:

• A) Consumption and utility are low
• B) Consumption and utility are high
• C) Consumption is low and utility is high
• D) Consumption is high and utility is low

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