Page 1 of 1
U Soss Utilit Uz U U US 30 42 54 80 Income The consumer has $42 saved. This gives the consumer a utility of They conside
Posted: Sun Apr 10, 2022 8:34 am
by answerhappygod
- U Soss Utilit Uz U U Us 30 42 54 80 Income The Consumer Has 42 Saved This Gives The Consumer A Utility Of They Conside 1 (121.8 KiB) Viewed 31 times
U Soss Utilit Uz U U US 30 42 54 80 Income The consumer has $42 saved. This gives the consumer a utility of They consider an investment project where there is an 76% chance they lose $12 and 24% chance they win $38. This would give them a utility of The consumer accept this investment. They consider another investment project that will give them an expected income of $60. The consumer • accept this investment. For this consumer to accept an investment project it must have an income equal to, or greater than $