If Cara's Utility Falls More by Losing $600 Than It

question 106

Multiple Choice

If Cara's utility falls more by losing $600 than it rises by gaining $600,she has

• A)increasing marginal utility of wealth and is risk averse.
• B)increasing marginal utility of wealth but is not risk averse.
• C)decreasing marginal utility of wealth and is risk averse.
• D)decreasing marginal utility of wealth but is not risk averse.

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Definitions:

Comparable Interface

An interface in Java that allows objects of a class to be compared to each other, primarily for sorting purposes.

CompareTo

A method in Java used for comparing two objects, specifically in sorting, returning an integer based on the comparison's result.

Interface

A programming construct that defines a contract of methods that a class needs to implement without providing a concrete implementation.

Method Headings

The part of a method declaration in programming that specifies the method's name, return type, and parameters, but not the body.