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3. What is the value of the expected utility of Y for Mark (EU(Y))? 4. How much is Mark willing to spend to acquire Y

3. What is the value of the expected utility of Y for Mark (EU(Y))? 4. How much is Mark willing to spend to acquire Y (so, what is the value of CE (Y) )? (Hint, if u(x) = x04, then u-' (x) = x25)

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