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-Refer to Figure G

Question 46

Multiple Choice

-Refer to Figure g.Lily's benefit function (dashed) is more concave than Millie's benefit function (dotted) .Lily A) Is more risk averse than Millie B) Is less risk averse than Millie C) Has a smaller risk premium than Millie D) Has a larger certainty equivalent than Millie
-Refer to Figure g.Lily's benefit function (dashed) is more concave than Millie's benefit function (dotted) .Lily


A) Is more risk averse than Millie
B) Is less risk averse than Millie
C) Has a smaller risk premium than Millie
D) Has a larger certainty equivalent than Millie

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