If an Individual Is Risk-Averse,then His or Her Total Utility

question 149

Multiple Choice

If an individual is risk-averse,then his or her total utility function must display _____ marginal utility.

• A)constant
• B)diminishing
• C)increasing
• D)either constant or diminishing,but not increasing,

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The initial level of court in New York State where cases are heard in the first instance; includes various courts such as the Supreme Court for civil matters, and the Criminal Court for criminal matters.

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