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David's Utility Function If David's Current Wealth Is $61,000

Question 362

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David's Utility Function David's Utility Function If David's current wealth is $61,000, then A) his gain in utility from gaining $1,000 is less than his loss in utility from losing $1,000. David is risk averse. B) his gain in utility from gaining $1,000 is less than his loss in utility from losing $1,000. David is not risk averse. C) his gain in utility from gaining $1,000 is greater than his loss in utility from losing $1,000. David is risk averse. D) his gain in utility from gaining $1,000 is greater than his loss in utility from losing $1,000. David is not risk averse. If David's current wealth is $61,000, then


A) his gain in utility from gaining $1,000 is less than his loss in utility from losing $1,000. David is risk averse.
B) his gain in utility from gaining $1,000 is less than his loss in utility from losing $1,000. David is not risk averse.
C) his gain in utility from gaining $1,000 is greater than his loss in utility from losing $1,000. David is risk averse.
D) his gain in utility from gaining $1,000 is greater than his loss in utility from losing $1,000. David is not risk averse.

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