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Question 1 Consider an individual with a Bernoulli utility function u(c) where c is consumption and it satises u'(c) > 0 for all c. The

Question 1 Consider an individual with a Bernoulli utility function u(c) where c is consumption and it satises u'(c) > 0 for all c. The individual has a job with uncertain income, she earns mg with probability p and 101,

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