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  3. 5. risk aversion suppose an individual has utility

5. Risk Aversion Suppose an individual has utility of wealth given by u(w) = vw....

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5. Risk Aversion Suppose an individual has utility of wealth given by u(w) = vw. a. Does this utility function exhibit positive marginal utility of wealth, i.e. is U'(w) > 0? What does this mean? b. Does this utility function exhibit increasing or decreasing marginal utility of wealth, i.e. is U"(w) > 0, or U'(w)

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