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John's utility from an additional dollar increases more when he has $1,000 than when he has $10,000. From this, we can conclude that John A.
John's utility from an additional dollar increases more when he has $1,000 than when he has $10,000. From this, we can conclude that John
A.
is risk averse.
B.
is risk loving.
C.
is risk neutral.
D.
has a negative marginal utility of wealth.
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