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-Refer to Figure G

Question 22

Multiple Choice

-Refer to Figure g.Lily's benefit function (dashed) is more concave than Millie's (dotted) in Figure g.Millie A) Is more risk averse than Lily B) Is less risk averse than Lily C) Has a larger risk premium than Lily D) Has a lower certainty equivalent than Lily
-Refer to Figure g.Lily's benefit function (dashed) is more concave than Millie's (dotted) in Figure g.Millie


A) Is more risk averse than Lily
B) Is less risk averse than Lily
C) Has a larger risk premium than Lily
D) Has a lower certainty equivalent than Lily

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