Ngaire has current disposable income of $2500, including $900 cash in her pocket. With probability to Ngaire's money will be stolen (contingency 1), leaving her with only $1600 to spend on consumption, and with probability in her cash will not be stolen (contingency 2) so she can spend the entire $2500 on consumption. Ngaire Is risk-averse with utility of money function () - Ve (a) What is the expected value of Ngaire's contingent consumption? [3 marks] (b) What is the expected utility of Ngaire's contingent consumption? [4 marks] (c) Suppose we depict Ngaire's preferences in a contingent consumption (CC) diagram, with consumption in contingency 1 measured on the horizontal axis. What would be the slope of Ngaire's indifference curve through her current contingent consumption bundle? (In other words, what is her MRS at this point? [6 marks) Ngaire has current disposable income of $2500, including $900 cash in her pocket. With probability to Ngaire's money will be stolen (contingency 1), leaving her with only $1600 to spend on consumption, and with probability in her cash will not be stolen (contingency 2) so she can spend the entire $2500 on consumption. Ngaire Is risk-averse with utility of money function () - Ve (a) What is the expected value of Ngaire's contingent consumption? [3 marks] (b) What is the expected utility of Ngaire's contingent consumption? [4 marks] (c) Suppose we depict Ngaire's preferences in a contingent consumption (CC) diagram, with consumption in contingency 1 measured on the horizontal axis. What would be the slope of Ngaire's indifference curve through her current contingent consumption bundle? (In other words, what is her MRS at this point? [6 marks)