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Please provide a step-by-step solution so that I can check my work and gain a better understanding ofhow to solve the problem. ECON Set 1

Please provide a step-by-step solution so that I can check my work and gain a better understanding ofhow to solve the problem.

ECON Set 1 - #2 2. Assume that Amy has some CARA utility and Roger has some CRRA utility function. Show that there exists some critical wealth level y" such that Roger is less risk averse than Amy i' Roger's initial wealth level is more than '9"

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