John derives more utility from having $1,000 than from having $100. From this, we can conclude that

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John derives more utility from having $1,000 than from having $100. From this, we can conclude that John

A) Is risk averse.

B) Is risk loving.

C) Is risk neutral.

D) Has a positive marginal utility of wealth.

Related Book For answer-question

Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Posted Date: Nov 07, 2018 12:39 AM

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John derives more utility from having $1,000 than from having $100. From this, we can conclude that

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D Has a ... View the full answer

Microeconomics

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