Answer Happy

Use this Figure to answer the 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 $