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.

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Definitions:

Recessive

A term used in genetics to describe a trait or gene that is expressed only when two copies of the gene are present, as opposed to a dominant trait which is expressed when only one copy is present.

Klinefelter's Syndrome

A genetic condition affecting males, characterized by an extra X chromosome, leading to symptoms like reduced fertility and physical development.

X Chromosome

One of the two sex chromosomes, present in both males (XY) and females (XX), that carries genes responsible for the development of female physical characteristics and genetic disorders.

Masculine Characteristics

Traits or qualities traditionally considered to be typical or appropriate for men, such as assertiveness or strength.