33 2 points Alex owns a small chocolate factory, located close to a river that occasionally floods in the spring, with disastrous consequences. If there is no flood, the factory When there is no insurance, what is the expected wealth of Alex? will be worth $1,000,000. If there is a flood, then what is left of the factory will be 901,000 O worth only $10,000. Alex can buy flood insurance at a cost of 0.10 for each $1 worth of coverage. Alex thinks that the probability that there will be a flood is 0.1. O 900,000 Let CF denote dollars if there is a flood and CNVF denote dollars if there is no 1,000,000 flood. Alex's utility function is u = x2. Alex is trying to decide how much flood O insurance (K ) to buy. 10,000