What is utility in an economic sense- how do indifference, Business Management

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What is utility in an economic sense- how do indifference

1. 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?

2. a. How is the expected return of a portfolio calculated from the expected returns of the assets?

b. What other information is needed for this calculation?

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Business Management: What is utility in an economic sense- how do indifference

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