(A) why a marginal dollar might have higher utility for a pauper than a millionaire
(B) why the total utility curve (in Utility-Income space) is convex
(C) why the average consumer is risk-averse
(D) all of the above
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(A) why a marginal dollar might have higher utility for a pauper than a millionaire
(B) why the total utility curve (in Utility-Income space) is convex
(C) why the average consumer is risk-averse
(D) all of the above