A utility curve showing utility increasing at an increasing rate as the monetary value increases represents
A)a risk avoider.
B)utility assessment.
C)a risk seeker.
D)conditional values.

Question

Quizplus · Accepted Answer

A utility curve that shows utility increasing at an increasing rate as the monetary value increases represents a risk seeker. This individual is willing to take on more risk in exchange for the potential of higher rewards.

A Utility Curve Showing Utility Increasing at an Increasing Rate