a. What is utility in an economic sense? b. How do indifference curves express the utility function
Question:
a. What is “utility” in an economic sense?
b. How do indifference curves express the utility function of a person?
c. What does it mean that an investor is risk-averse?
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a In an economic sense utility refers to the satisfaction happiness or wellbeing that an individual ...View the full answer
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Related Book For 
The Theory And Practice Of Investment Management
ISBN: 9780470929902
2nd Edition
Authors: Frank J Fabozzi, Harry M Markowitz
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