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Figure 27-4

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Figure 27-4.The figure shows a utility function for Alex. Figure 27-4.The figure shows a utility function for Alex.   -Refer to Figure 27-4.From the appearance of Alex's utility function,we know that A) if Alex owns a house,then he definitely would buy fire insurance provided the cost of the insurance was reasonable. B) Alex would voluntarily exchange a portfolio of stocks with a high average return and a high level of risk for a portfolio with a low average return and a low level of risk. C) Alex is risk averse. D) Alex is not risk averse.
-Refer to Figure 27-4.From the appearance of Alex's utility function,we know that


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