Question 12 Not yet answered Marked out of 2.00 P Flag question Use the figure shown to answer the questions below Utili

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Question 12 Not Yet Answered Marked Out Of 2 00 P Flag Question Use The Figure Shown To Answer The Questions Below Utili 1 (108.33 KiB) Viewed 36 times

Question 12 Not yet answered Marked out of 2.00 P Flag question Use the figure shown to answer the questions below Utility U U2 Uz U U. 24 32 45 72 Income Currently the consumer has $72. If there is an accident their income will be $24. The probability of an accident is 0.5625. This means the consumer has an expected income of $ Suppose an insurance firm offered the consumer a fair insurance contract, that pays them $48 if an accident occurred. This contract would cost the consumer $ and their utility would be instead of The most an insurance firm could charge for this insurance contract is $