Sketch the graphs of the following utility functions as I varies over the range $0 to $100.

Question:

Sketch the graphs of the following utility functions as I varies over the range $0 to $100. Based on these graphs, indicate whether the decision maker is risk averse, risk neutral, or risk loving:
a) U = 10I - (1/8)I2
b) U = (1/8)I2
c) U = ln (I + 1)
d) U = 5I