A Risk-Averse Person Has

question 89

Multiple Choice

A risk-averse person has

• A)utility and marginal utility curves that slope upward.
• B)utility and marginal utility curves that slope downward.
• C)a utility curve that slopes down and a marginal utility curve that slopes upward.
• D)a utility curve that slopes upward and a marginal utility curve that slopes downward.

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Definitions:

Metaphysically Important

Pertaining to matters beyond the physical world that are significant in the study or belief in the fundamental nature of reality and being.

Transitional

Pertaining to or involving a phase of change or transformation from one state, condition, or period to another.

Secular

Related to or concerned with worldly rather than spiritual matters; not religious or sacred.

Spiritual

Pertaining to or affecting the human spirit or soul as opposed to material or physical things.