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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
Posts: 455
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6 years ago
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nakungth Author
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6 years ago
Thanks
DaiwalkerX
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Yesterday
Smart ... Thanks!
jamiebonf99
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2 hours ago
Helped a lot
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