From the appearance of the utility function, we know that 2 a. Britney is risk averse. b. Britney gains less satisfaction when her wealth increases by X dollars than she loses in satisfaction when her wealth decreases by X dollars. c. the property of diminishing marginal utility applies to Britney. d. All of the above are correct.
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Home » Business » From the appearance of the utility function, we know that 2 a. Britney is risk averse. b. Britney gains less satisfaction when her wealth increases by X dollars than she loses in satisfaction when her wealth decreases by X dollars. c.