Multiple Choice
Consider four individuals: Hank, Babe, Barry, and Willie.Hank's marginal utility of income curve is constant; Babe's marginal utility of income curve is slightly diminishing; Barry's marginal utility of income curve is strongly diminishing; and Willie's marginal utility of income curve is upward sloping.All else equal, which of these individuals will be most risk-averse?
A) Hank
B) Babe
C) Barry
D) Willie
Correct Answer:
Verified
Correct Answer:
Verified
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