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An Individual Whose Utility Function Is Given By U(W1,W2)=min(W1,W2)U \left( W _ { 1 } , W _ { 2 } \right) = min\left( W _ { 1 } , W _ { 2 } \right)

question 13

Multiple Choice

An individual whose utility function is given by U(W1,W2) =min(W1,W2) U \left( W _ { 1 } , W _ { 2 } \right) = min\left( W _ { 1 } , W _ { 2 } \right) (where Wi is wealth in state i) will


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