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Question #48990

If people are risk averse, then ?

Options:

A) None of these answers are true

B) All of these answers are true

C) They dislike bad things more than the like comparable good things

D) The utility they would lose from losing a Rs50 bet would exceed the utility they would gain from winning a Rs 50 bet

E) Their utility function exhibit the property of diminishing marginal utility of wealth

Answer: If people are risk averse, then All of these answers are true.

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