If a Person Is Risk Averse,then She Has

question 82

Multiple Choice

If a person is risk averse,then she has

• A)diminishing marginal utility of wealth,implying that her utility function gets flatter as wealth increases.
• B)diminishing marginal utility of wealth,implying that her utility function gets steeper as wealth increases.
• C)increasing marginal utility of wealth,implying that her utility function gets flatter as wealth increases.
• D)increasing marginal utility of wealth,implying that her utility function gets steeper as wealth increases.

---

Definitions:

Sales Change

The variation in the quantity of products or services sold by a company over a specific period, which can indicate market trends and business performance.

Customer-Oriented Metrics

Indicators used to measure aspects of customer satisfaction, behavior, and preferences in relation to a company's products or services.

Customer Satisfaction

A measure of how products or services meet or surpass the expectations of customers, often used as an indicator of repeat business and loyalty.

Global Segments

Refers to the division of the global market into distinct groups of customers or regions with similar characteristics or needs.