Figure 19-1.The Figure Shows a Utility Function

question 169

Multiple Choice

Figure 19-1.The figure shows a utility function.
-Refer to Figure 19-1.The properties exhibited by this utility function help to explain various things we observe in the economy,including

• A) the risk-return tradeoff.
• B) insurance.
• C) diversification.
• D) All of the above are correct.

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Pertaining closely to the matter at hand; important or pertinent information or content that directly connects with the current topic or need.

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The quality of being precise, correct, and free of errors in detail or measurement.