A Risk-Averse Person Has

question 51

Multiple Choice

A risk-averse person has

• 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.

---

Definitions:

Macintosh Operating System

The operating system developed by Apple Inc. for their Macintosh line of personal computers, known for its user-friendly interface.

Communicating Electronically

The process or act of exchanging information through electronic means, such as emails, instant messaging, or social media platforms.

Increasing Frequency

Refers to events or actions happening at a greater rate or more often over a specified period.

Synchronous Communication

Communication that happens in real-time, with all parties participating simultaneously, such as in a live meeting or phone call.