Use the following to answer questions:
Figure: Risk Aversion 
-(Figure: Risk Aversion) Look at the figure Risk Aversion. Bob and Nancy have the same income and total utility. Nancy will be willing to pay a ____ insurance premium than Bob because she is _____ risk-averse.
Definitions:
Cartilages
Flexible connective tissues found in various forms in the body, serving to construct and support structures such as the ears, nose, and joints.
Ventrally
Pertaining to the belly or underside of an animal or organ.
Dorsally
Positioned towards the back side of an organism or towards the spine in humans.
Laterally
Towards the side; away from the midline of the body.
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