A Person Who Gets Increasing Marginal Utility as Income Increases

question 53

Multiple Choice

A person who gets increasing marginal utility as income increases is described as:

• A)risk-averse.
• B)risk-neutral.
• C)risk-loving.
• D)risk-gaining.

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Definitions:

Americans

Citizens or nationals of the United States of America.

Health Care

Services provided to individuals or communities for the promotion, maintenance, and restoration of health.

Native Americans

Indigenous peoples of the United States, including both Native American tribes and Alaska Natives.

African Americans

A racial or ethnic group in the United States with ancestry from any of the black racial groups of Africa.