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5. Risk Aversion Suppose an individual has utility of wealth given by u{w} = JG. a. Does this utility function exhibit positive marginal utility of

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5. Risk Aversion Suppose an individual has utility of wealth given by u{w} = JG. a. Does this utility function exhibit positive marginal utility of wealth, i_e_ is U'(w) 3:- o? What does this mean? I). Does this utility function exhibit increasing or decreasing marginal utility of wealth, i_e_ is U"{w} :r- d, or U"(w) r: o? What does this mean? c. Is this utility function consistent with risk aversion? Explain. d. Dene what a list: premium is and why it is important

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