(1.3) Let u = w2 for w 0. (a) Compute the exact risk premium if initial wealth is 4 and if a decision maker faces the lottery (−2, 1 2 ; +2, 1 2 ). Explain why the risk premium is negative. (b) If the utility function becomes v = w4, what happens to the risk pre- mium? Show that v is a convex transformation of u.

1: b     the use of non-standard grammar

2: c     strong and willful.

its correct i took the test have a nice day: )

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the correct answer is - no.

winnipeg, canada, is not further away from the equator than moscow, russia, in fact moscow is the city that is further away from the equator. moscow is on a latitude of 55.7558° north, while winnipeg is on a latitude of 49.8951° north, thus putting moscow by 5.8607° further away from the equator than winnipeg is.