Describe the shape of the utility function of a risk averse person

Producing an amount of GDP equal to potential GDP is most consistent with the economy producing

A) either on or within the production possibilities frontier. B) on the production possibilities frontier. C) beyond the production possibilities frontier. D) either on or beyond the production possibilities frontier. E) within the production possibilities frontier.

As a consumer consumes more and more of a product in a particular time period, eventually marginal utility

A) fluctuates. B) rises. C) is constant. D) declines.