Question: Question 45 2 pts What principle explains why the utility function gets flatter as wealth rises? O the law of demand O cost analysis O

Question 45 2 pts What principle explains why the utility function gets flatter as wealth rises? O the law of demand O cost analysis O the risk-reward trade-off O diminishing marginal utilityQuestion 46 2 pts The slope of a utility function is: O positive and increasing. O positive and diminishing. O negative and increasing. O negative and diminishing.D Question 44 2 pts What of the following principles explains why a fair bet would, on average, cause a drop in well-being for a risk-averse individual? O diversification O hedging O diminishing marginal utility O demand and supply

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