Look at the Utility Function Graphed Below and Select the Type

question 41

Multiple Choice

Look at the utility function graphed below and select the type of decision maker that corresponds to the graph.

• A)Risk averter
• B)Risk neutral
• C)Risk taker
• D)Risk player

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Definitions:

Rain Shadow

An area that has very little precipitation, found on the downwind side of a mountain range. Deserts often occur in rain shadows.

Windward Side

The side of a mountain or island that faces the direction from which the wind is coming, often receiving more rainfall.

Temperate Regions

Areas of the Earth characterized by moderate temperatures, neither extremely hot nor cold.

Abiotic Factors

Elements of the nonliving, physical environment that affect a particular organism. Compare with biotic factors.