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Consider the Marginal Utility of Income Curves of Hank,Babe,Barry,and Willie

Question 81

Multiple Choice

Consider the marginal utility of income curves of Hank,Babe,Barry,and Willie.Hank's is constant;Babe's is slightly diminishing;Barry's is strongly diminishing;and Willie's is upward sloping.All else equal,which of these individuals will be most risk-averse?


A) Hank
B) Babe
C) Barry
D) Willie

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