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

Name: A diagram of an individual's utility from income will be a line with an increasing slope if the individual is risk-averse.
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Question

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A risk-averse individual's utility from income typically increases at a decreasing rate, which is represented by a concave curve, not a straight line with an increasing slope.

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