(1 point) Suppose that your current wealth is $4000 and you have power utility with a = 0.8. (a) Determine your current level of well-being, to two decimal places. Current well-being = utiles. (b) Determine the impact on your well-being of a gain of $800, to two decimal places. Increase of utiles. (c) Determine the impact on your well-being of a loss of $800, to two decimal places. Decrease of utiles. (d) How large would X have to be, in order for a gain of $X to have the same impact (in terms of magnitude) as a loss $800. Express your answer in dollars, to the nearest cent. X = $ (1 point) Suppose that your current wealth is $4000 and you have power utility with a = 0.8. (a) Determine your current level of well-being, to two decimal places. Current well-being = utiles. (b) Determine the impact on your well-being of a gain of $800, to two decimal places. Increase of utiles. (c) Determine the impact on your well-being of a loss of $800, to two decimal places. Decrease of utiles. (d) How large would X have to be, in order for a gain of $X to have the same impact (in terms of magnitude) as a loss $800. Express your answer in dollars, to the nearest cent. X = $