Jill's Utility from an Additional Dollar Increases More When She

question 79

Multiple Choice

Jill's utility from an additional dollar increases more when she has $400 than when she has $200.From this,we can conclude that Jill

• A) has an increasing marginal utility of wealth.
• B) has a decreasing marginal utility of wealth.
• C) is risk neutral.
• D) has a negative marginal utility of wealth.

---

Definitions:

Career Path

The progression or sequence of occupations undertaken by an individual throughout their working life.

Early 20s

This term generally refers to the age range from 20 to 24 years, a period often considered young adulthood.

North America

A continent located in the Northern Hemisphere, mostly in the Western Hemisphere, including countries such as the United States, Canada, and Mexico.

Financially Independent

The status of having enough personal wealth to live, without having to work actively for basic necessities.