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In class (and in the slides), we drew a graph that showed bundles of utility and income (i.e., utility was on one axis and income
- In class (and in the slides), we drew a graph that showed bundles of utility and income (i.e., utility was on one axis and income on the other axis).
- (4 points)Using this same setup, draw a graph for an individual who is "risk averse."
- (4 points - BONUS)
- Using the same setup, draw a graph for someone who is "risk loving."
- (4 points)Using this same setup, draw a graph for an individual who is "risk averse."
- (4 points - BONUS)
- Using the same setup, draw a graph for someone who is "risk loving."
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Money Banking and Financial Markets
Authors: Laurence M. Ball
2nd edition
1429244097, 978-1429244091
