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Bill's Utility Function Takes the Form U(I) = Exp(I) Where

Question 8

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Bill's utility function takes the form U(I) = exp(I) where I is Bill's income. Based on this utility function, we can see that Bill is:


A) risk averse.
B) risk neutral.
C) risk loving.
D) He can exhibit two or more of these risk behaviors under this utility function.

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