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On the diagram provided to the right, draw a person's utility curve and illustrate that that person is risk averse with respect to a loss

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On the diagram provided to the right, draw a person's utility curve and illustrate that that person is risk averse with respect to a loss but risk preferring with respect to a gain. Utility Assume the individual is initially endowed with W2 wealth and faces the possibily of a loss to Wo and a gain to W4- Use the 4-point curved line drawing tool to illustrate the person's utility curve to illustrate that that UWA).........4 person is risk averse with respect to a loss but risk preferring with respect to a gain. Label the curve "U" (Hint: It may be helpful to begin the curve at the origin and draw the fourth point defining the curve U(W2....... beyond wealth level W4). Carefully follow the instructions above, and only draw the required objects. Wo W2 WA Wealth

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