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Firms have these Utility Functions: U{x) = x(B}, B>0 U{x)=1e(-Bx), B>0 Whether the firms above utility functions are constant relatively risk averse. Question: Required: Is
Firms have these Utility Functions: U{x) = x"(B}, B>0 U{x)=1e"(-Bx), B>0 Whether the firms above utility functions are constant relatively risk averse. Question: Required: Is the above statement accurate or not or can't reach a conclusion. Elaborate your answer with instances within 100 words
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