1. Refer to the indifference curves shown above. Any points along a given indifference curve proves investors with ___ total utility.

a. uneven; b. different; c. heroic; d. equal; e. semi-annual compounding

2. The indifference curves shown above of a ____ investor are expressed as a function of the mean standard deviation of a distribution of asset returns.

a. risk-averse; b. risk-neutral; c. risk-conversational; d. risk-loving; e. risk-concaving

Indiffer ence Curves Demo RF 12% Indif 3 Indif 2 F Indifi 11% 10% 9% 8% 7% 6% 0% 2% 4% 10% 12% 14% 16%