Diminishing marginal utility of wealth implies that the utility function. group of answer choices
a. has increasing slope and a person is risk averse.
b. has increasing slope and a person is not risk averse.
c. has decreasing slope and a person is risk averse.
d. has decreasing slope and a person is not risk averse.
Answers: 3
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Diminishing marginal utility of wealth implies that the utility function. group of answer choices
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