Suppose That an Individual Is Risk-Averse

question 130

Multiple Choice

Suppose that an individual is risk-averse.If this individual's utility function is depicted in a graph, with income measured on the horizontal axis and "utils" on the vertical axis, the graph would be an upward-sloping:

• A)straight line through the origin.
• B)straight line with a positive vertical intercept.
• C)curve with a steadily increasing slope (i.e., a curve that is convex from below).
• D)curve with a steadily decreasing slope (i.e., a curve that is concave from below).

---

Definitions:

Location Services

A range of services provided by mobile phone networks, internet providers, and applications, that use information derived from GPS coordinates to offer services relevant to the geographic location of users.

Mobile Wallet

A mobile wallet is a digital version of a physical wallet, allowing users to conduct transactions and store information such as credit card details, loyalty cards, and coupons on their mobile devices.

Mobile Portal

A portal accessible via a mobile device, offering services such as search, email, news, and information, optimized for mobile browsing and interaction.

Connectivity

The capability of devices to connect and communicate with each other through a network.