Use this Figure to answer the questions below. Do not use subscripts. Calculated answers should be rounded to the closes
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Use this Figure to answer the questions below. Do not use subscripts. Calculated answers should be rounded to the closes
questions below. Do not use subscripts. Calculated answers should be rounded to the closest number on the income-axis. Utility u U2 Uz UA US 24 32 45 72 Income The consumer has $32 saved. This gives the consumer a utility of They consider an investment project where there is an 83.333% chance they lose $8 and 16.667% chance they win $40. 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 $36. The consumer accept this investment. For this consumer to accept an investment project it must have an income equal to, or greater than $
Use this Figure to answer the