5. (20) (a) Compute the (absolute) risk aversion measure r(W) of utility function -ea. Is r(W) dependent on W? -al (b) Compute the RELATIVE risk aversion measure rr(W) of the following utility function (the form of which depends on the value of r.

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A: We use second order partial derivative test to find relative maximum and minimum, saddle point

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A:

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A: Please see the below picture for detailed solution.

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A: S

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A: Kindly Refer Attachment.

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