A developer reviewing the design of a $20 million by costs and energy consumption. The current desig cooling power. Available modifications such a solar panels could save up to 7 million btu/year, at a to range of possibilities and the uncertainties ilding faces a tradeoff between construction et design requires 10 million btu/year of heating and Such as the addition of awnings, improved insulation, and ar, at a total additional cost of $4 million. Since the involved with some modification technologies, the developer wants you to help her sort out her prefere that for building cost, she is indifferent between from interviews you determine that for building co $22.5M and ($24M, 0.5: S20M) $23.4M and ($24M, 0.5: 522.5M) $21.5M and (522 SM, 0.5: $20M) regardless of the level of energy used Similarly, for energy consumption in millions of btu/year, she is indifferent between 5 and (10.0.5:3) 3.75 and (5, 0.5; 3) 7 and (10,0.5:5) regardless of the level of costs. For combinations of costs and energy, she is indifferent between (SZOM. 10) = the current plan and [(S24M, 10), 0.1; ($20M, 3)] and also indifferent between (524M, 3) - the maximum energy conservation plan and [($24M, 10), 0.2; (520M, 3)] (a) Solve for the implied utilities from the indifference statements above. the developer is (b) Determine which of the following plan the des to prefer Cost (SM) Plan Energy Use 20 Current Design High Insulation Solar Panels Sheltered Windows Maximum conservation 22.5 23 24 alternative [(22.5, 7), 0.6, (22.4. (c) Would the developer prefer the current design or the alternative [(22.5, 7), 0.6 3.75)]? (d) Find K by applying the general formula and check the results from part (b). A developer reviewing the design of a $20 million by costs and energy consumption. The current desig cooling power. Available modifications such a solar panels could save up to 7 million btu/year, at a to range of possibilities and the uncertainties ilding faces a tradeoff between construction et design requires 10 million btu/year of heating and Such as the addition of awnings, improved insulation, and ar, at a total additional cost of $4 million. Since the involved with some modification technologies, the developer wants you to help her sort out her prefere that for building cost, she is indifferent between from interviews you determine that for building co $22.5M and ($24M, 0.5: S20M) $23.4M and ($24M, 0.5: 522.5M) $21.5M and (522 SM, 0.5: $20M) regardless of the level of energy used Similarly, for energy consumption in millions of btu/year, she is indifferent between 5 and (10.0.5:3) 3.75 and (5, 0.5; 3) 7 and (10,0.5:5) regardless of the level of costs. For combinations of costs and energy, she is indifferent between (SZOM. 10) = the current plan and [(S24M, 10), 0.1; ($20M, 3)] and also indifferent between (524M, 3) - the maximum energy conservation plan and [($24M, 10), 0.2; (520M, 3)] (a) Solve for the implied utilities from the indifference statements above. the developer is (b) Determine which of the following plan the des to prefer Cost (SM) Plan Energy Use 20 Current Design High Insulation Solar Panels Sheltered Windows Maximum conservation 22.5 23 24 alternative [(22.5, 7), 0.6, (22.4. (c) Would the developer prefer the current design or the alternative [(22.5, 7), 0.6 3.75)]? (d) Find K by applying the general formula and check the results from part (b)