Declining marginal utility of income for an individual

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If the utility function shows declining marginal utility of income for an individual, the individual must be a : a)risk-neutral person b) risk-taker c) risk-averse person

Reference no: EM13739878

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Declining marginal utility of income for an individual : If the utility function shows declining marginal utility of income for an individual, the individual must be a : a)risk-neutral person b) risk-taker c) risk-averse person

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