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need the right option question 4 out of 10 The utility function of an individual is U(w) =In(w+1). The individual will receive x with probability

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need the right option

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question 4 out of 10 The utility function of an individual is U(w) =In(w+1). The individual will receive x with probability % and y with probability 4. The market opportunity equation becomes = x+ -y =10 3 4 . For what value of x and y the individual ensures complete insurance? (a) x=10, y=10 (b) x=8, y=32/3 (c) No such value exists (d) x=16, y=8

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