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6. Suppose the vNM utility function for money outcomes of a certain consumer is given by v(a:) = a + bx + clog(m2) for all

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6. Suppose the vNM utility function for money outcomes of a certain consumer is given by v(a:) = a + bx + clog(m2) for all a: > 0, where a, b and c are some parameters. For the consumer to be strictly risk averse, we must have a) c>0andb>0 c) c>0 b) b>0 d) None of the above

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