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Y6 17. Phil's utility function is given by the following formula: U = 10Y ^ (3/2) monetary income. Phil's monetary income. Phil is (Correct answer

17. Phil's utility function is given by the following formula: U = 10Y ^ (3/2) monetary income. Phil's monetary income. Phil is

(Correct answer with explanation)

a) Risk loving.

b) Risk averse.

c) Risk neutral.

d) Either risk neutral or risk averse.

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