Question: Repeat Problem 4, assuming that Lucy's benefit function is W(L) = L/a, for the following values of a: -0.2, 0.2, 0.6, and 1. How does

Repeat Problem 4, assuming that Lucy's benefit function is W(L) = Lα/a, for the following values of a: -0.2, 0.2, 0.6, and 1. How does Lucy's risk aversion vary with the values of a?

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