Q189
Risk lover's utility curves have __________.
A.
Positive slope
B.
Negative slope
C.
Convex to the origin
AnswerD.
Negative slope and convex to the origin
Answer: Option C
Solution
Answer: Option C
Solution:
Risk lover's utility curves have Convex to the origin. Most individuals seek to minimise risk and are called risk averter or risk averse. However, some individuals prefer risk and are therefore called risk-seekers or risk lovers.