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offered an insurance contract that costs c today, and will pay for any future repairs in the event it does start leaking. ( a )
offered an insurance contract that costs today, and will pay for any future repairs in the event it does start leaking.
a What is my utility if I do not purchase the insurance and my roof does not leak?
utiles.
b What is my utility if I do not purchase the insurance and my roof does leak?
utiles.
c What is my utility if I purchase the insurance?
utiles.
d Should I purchase the insurance if
e What is the maximum price that I should be willing to pay for the insurance? Please round your answer to the nearest cent.
Maximum Price $
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