contestada

for a risk averse person, a. the utility function exhibits the property of constant marginal utility of wealth. b. the utility function exhibits the property of increasing marginal utility of wealth. c. the pleasure of winning $1,000 on a bet exceeds the pain of losing $1,000 on a bet. d. the pain of losing $1,000 on a bet exceeds the pleasure of winning $1,000 on a bet.