A diagram of an individual's utility from income will be a line with a decreasing slope if the individual is risk-loving.

Name: A diagram of an individual's utility from income will be a line with a decreasing slope if the individual is risk-loving.
Brand: Quizplus
Rating: 4.7 (45 reviews)

Question

Quizplus · Accepted Answer

A risk-loving individual's utility from income diagram typically shows a curve with an increasing slope, indicating greater utility for each additional unit of income due to their preference for risk.

A Diagram of an Individual's Utility from Income Will Be