Question: Suppose a worker ( hereafter , called type A ) has the preferences given by UA ( w , x ) = ln ( w

Suppose a worker (hereafter, called type A) has the preferences given by UA(w, x)= ln(w) p x 25 where w is the wage and x is the level of risk. 1. Derive the MRS of x and w,( MUx MUw ).2. Draw the indifference curve. Label x on the x-axis, and w on the y-axis

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