4 Consumer Choice An individual with utility function v(c) = In c must choose a state- contingent consumption bundle (G,..., c). The price of a state-s claim is P. and the consumer's initial endowment has a value of W. (A) Solve for the individual's optimum in each state. (B) Hence show that for any pair of states sand s': (C) What condition defines the state in which consumption is greatest? Least? (D) Is the rule derived in (C) true for any concave utility function v(c)