Answer Happy

Posted: **Tue Nov 16, 2021 8:23 am**

: Jessica S Utility Of Income Is Represented By U I 181 Where I Represents Annual Income She Is Offered A Job That 1 (19.35 KiB) Viewed 88 times

Jessica's utility of income is represented by: U(I) = (181) where I represents annual income. She is offered a job that has a 0.2 chance of earning $72210 and a 0.8 chance of earning $30380 a year. How much would Jessica be willing to pay to insure against the risky income? Answer: $