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nakungth nakungth
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6 years ago
John Brown's utility of income function is U = log(I+1), where I represents income.  From this information you can say that
A) John Brown is risk neutral.
B) John Brown is risk loving.
C) John Brown is risk averse.
D) We need more information before we can determine John Brown's preference for risk.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
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oracledarrenoracledarren
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#1
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6 years ago
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nakungth Author
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6 years ago
Helped a lot
sweetalia
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Yesterday
This helped my grade so much Perfect
lubennick
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2 hours ago
Correct Slight Smile TY
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