Figure 27-5

question 101

Multiple Choice

Figure 27-5.The figure shows a utility function for Dexter.
-Refer to Figure 27-5.From the appearance of the utility function,we know that

• A)Dexter is risk averse.
• B)Dexter gains less satisfaction when his wealth increases by X dollars than he loses in satisfaction when his wealth decreases by X dollars.
• C)the property of diminishing marginal utility does not apply to Dexter.
• D)All of the above are correct.

---

Definitions:

Modulation Corollary

The understanding that individuals modify their personal constructs (perceived interpretations of the world) over time based on new experiences.

Range Corollary

A principle in George Kelly's personal construct theory which states that each construct applies to a finite range of events and is limited in its applicability.

Sociality Corollary

A principle suggesting that an individual's understanding of reality is influenced by the perspective and interactions within a social context.

Range Of Convenience

A term possibly referring to the concept of "range of tolerance" in ecology, or if contextually about psychology or sociology, it might not be a recognized term, thus NO.