[Solved] Tamar Is Risk Averse

Question 241
Multiple Choice

Tamar is risk averse.Which of the following is correct about Tamar?

A) Her marginal utility of wealth increases as her income increases.
B) She will always accept a bet if the probability of winning a dollar is the same as the probability of losing a dollar.
C) Her utility function is a straight line.
D) None of the above are correct.

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