jonathans utility of income is represented by:

U(I)= (31I)

where I represents annual income. he is considering a job that has 0.1 chance of earning 77020$ and 0.9 chance of earning 17090 a year. how much would jonathan be willling to pay to insure against risky income?

do not round calculations until you reach final answer. enter answer to two decimal places and no seperator for thousandts.