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Question 60

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Use the following to answer question: Use the following to answer question: -(Table: Utility for Terri and Mary) Use Table: Utility for Terri and Mary.Each has an income of $300.If each were offered insurance to offset the risk of falling income,_____ would pay a larger premium because she is the consumer with _____ risk aversion. A) Terri;more B) Terri;less C) Mary;more D) Mary;less
-(Table: Utility for Terri and Mary) Use Table: Utility for Terri and Mary.Each has an income of $300.If each were offered insurance to offset the risk of falling income,_____ would pay a larger premium because she is the consumer with _____ risk aversion.


A) Terri;more
B) Terri;less
C) Mary;more
D) Mary;less

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