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a.) What is the expected wealth level? Also, compute the expected utility of this situation for two utility functions, U(W)=W1/2 and U (W)=10.167W1/3. b.)

a.) What is the expected wealth level? Also, compute the expected utility of this situation for two utility functions, U(W)=W1/2 and U (W)=10.167W1/3. b.) Compute the certainty equivalent of this situation for the same two utility functions.

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