part III:

3. Describe one of the 12 indicators of empowerment from the Project-level Women's Empowerment in Agriculture Index (Pro-WEAI) and explain how it can measure one dimension of empowerment. Part III: Risk and Insurance Kelly is a farmer with zero wealth. She can either plant rice or cotton. If she plants cotton, Kelly earns an income of $1600 if the weather is GOOD, and $0 if the weather is BAD. If she plants rice, Kelly will earn an income of $900 under both GOOD and BAD weather. The probability of GOOD weather is 0.7. The probability of BAD weather is 0.3. Kelly's utility mction is u(c) = 3J5, where c is the value of consumption. Use this information to ll out the following table. Kelly: E.......MW Meaty a. What type of risk preferences does Kelly have