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Refer to the Following Figure When Answering the Following Questions

Question 20

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Refer to the following figure when answering the following questions.
Figure 16.1: Consumption Function Refer to the following figure when answering the following questions. Figure 16.1: Consumption Function   -Consider the utility functions in Figure 16.1. Curve b exhibits: A)  risk-taking behavior. B)  constant marginal utility. C)  diminishing marginal utility. D)  consumption smoothing. E)  None of these answers is correct.
-Consider the utility functions in Figure 16.1. Curve b exhibits:


A) risk-taking behavior.
B) constant marginal utility.
C) diminishing marginal utility.
D) consumption smoothing.
E) None of these answers is correct.

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