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I need help with the diagram, I've put the answers for the beginning. Thanks for the help. Hannah is an expected utility maximizer and has

I need help with the diagram, I've put the answers for the beginning. Thanks for the help.

Hannah is an expected utility maximizer and has a VNM utility function u(:1:) = lu[$) where I > U is her nal wealth level tomorrow. Hannah owns an ice cream shop and has to decide today for how many hours it 2 0 she opens the shop tomorrow. She has an initial wealth level of w > I]. With probability % the weather will be good and then she earns

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