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An Individual Is Risk-Loving If His Utility Function Is Given U(x)=x2U(x)=x^{2}

Question 24

Multiple Choice

An individual is risk-loving if his utility function is given by which of the following functional forms:


A) U(x) =x2U(x) =x^{2}
B) U(x) =xU(x) =x
C) U(x) =2xU(x) =2 x
D) U(x) =100xU(x) =100 x

Correct Answer:

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