The curve for the _____ will show a rapid increase in utility for initial amounts of money followed by a gradual leveling off for increasing dollar amounts.
A) risk averter
B) risk neutral
C) profit seeker
D) risk taker

Question

Quizplus · Accepted Answer

The curve described is the typical utility function of a risk averter, who experiences greater marginal utility from smaller gains, but experiences diminishing marginal utility as the amount of money increases.

The Curve for the _____ Will Show a Rapid Increase