

MCQOPTIONS
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1. |
If people are risk averse, then ? |
A. | None of these answers are true |
B. | All of these answers are true |
C. | They dislike bad things more than the like comparable good things |
D. | The utility they would lose from losing a Rs50 bet would exceed the utility they would gain from winning a Rs 50 bet |
E. | Their utility function exhibit the property of diminishing marginal utility of wealth |
Answer» C. They dislike bad things more than the like comparable good things | |