Q1. We can represent investors' behavior by a utility function defined over current and future values of consumption (Ct and Ct+1, respectively): U (Ct, Ct+1) = u(Ct) + BEt [u(Ct+1)] a. What term does capture investors' impatience (3 marks)? What value should it have to illustrate impatience (2 marks)? b. What term does capture investors' aversion to risk (3 marks)? If an investor is risk-averse, what value should it have (2 marks)? Q1. We can represent investors' behavior by a utility function defined over current and future values of consumption (Ct and Ct+1, respectively): U (Ct, Ct+1) = u(Ct) + BEt [u(Ct+1)] a. What term does capture investors' impatience (3 marks)? What value should it have to illustrate impatience (2 marks)? b. What term does capture investors' aversion to risk (3 marks)? If an investor is risk-averse, what value should it have (2 marks)