Positive slope
Negative slope
Convex to the origin
Negative slope and convex to the origin
✅ The correct answer is C.
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.
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.