Answer Happy

Question 11 Not yet answered Marked out of 2.00 P Flag question Use this Figure to answer the questions below U. U U U US 15 20 28 45 Income The consumer has $20 saved. This gives the consumer a utility of They consider an investment project where there is an 75% chance they lose $5 and 25% chance they win $15. This would give them a utility of The consumer accept this investment. They consider another in would • accept th would not that will give them an expected income of $30. The consumer For this consumer to accept an investment project it must have an income equal to, or greater than $