The risk seeker's curve represents the utility of one who enjoys taking risks.Therefore,the slope of the utility curve becomes ________ for large dollar amounts.
A)larger
B)stable
C)smaller
D)uncertain

Question

Quizplus · Accepted Answer

The curve of a risk seeker has an upward slope because they enjoy taking risks and are willing to take more risks for higher returns. Therefore, as the dollar amount increases, their marginal utility for taking risks also increases, resulting in a steeper slope or larger marginal utility for higher dollar amounts.

The Risk Seeker's Curve Represents the Utility of One Who