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(c) (5 points) Suppose Catarina's Bernoulli utility function is given by v X. For any contingent income bundle (Xr, Xvr), her expected utility is then:

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(c) (5 points) Suppose Catarina's Bernoulli utility function is given by v X. For any contingent income bundle (Xr, Xvr), her expected utility is then: EU(XT, XNT) = 0.9vXr + 0.1VXNT Is Caterina risk averse (argue using a graph of her Bernoulli utility function)

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