1.14 Business Loss Recovery, an insurance company, is willing to sell Chris cold summer insurance at a...

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1.14 Business Loss Recovery, an insurance company, is willing to sell Chris cold summer insurance at a price of

£3,000 a year and promises to pay her £5,000 if the summer is cold and the business fails. Is Chris willing to buy this loss insurance? If she is, is she willing to pay £4,000 a year for it?

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