The Utility Curve Given Below Represents the Preferences of a _________________

question 70

Multiple Choice

The utility curve given below represents the preferences of a _________________ decision maker.

• A) risk-averse
• B) risk-neutral
• C) risk-seeking
• D) None of the other choices is correct.

---

Definitions:

Variable

An element, feature, or factor that is likely to vary or change.

Observations

Data collected or measured during an experiment or survey.

Measurements

Measurements refer to the size, length, or amount of something, determined through quantitative comparison with a standard unit.

Element

A fundamental or essential constituent of a composite entity; in contexts like chemistry, an element is a substance that cannot be broken down into simpler substances by chemical means.