Multiple Choice
A person is risk loving if:
A) for a given level of expected consumption, he prefers a risky bundle to a risk less one.
B) his indifference curve is convex to the origin.
C) his indifference curve is concave to the origin.
D) his indifference curve is concave to the origin and for a given level of expected consumption, he prefers a risky bundle to a risk less one.
Correct Answer:
Verified
Correct Answer:
Verified
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