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Figure 9-2

question 164

Multiple Choice

Figure 9-2. The figure shows a utility function for Mary Ann.
Figure 9-2. The figure shows a utility function for Mary Ann.    -Refer to Figure 9-2. From the appearance of the utility function, we know that A)  Mary Ann is risk averse. B)  Mary Ann gains more satisfaction when her wealth increases by X dollars than she loses in satisfaction when her wealth decreases by X dollars. C)  the property of increasing marginal utility applies to Mary Ann. D)  All of the above are correct.
-Refer to Figure 9-2. From the appearance of the utility function, we know that


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