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please help me solve it thanks Consider the gure above. Suppose that utility is given by u = (/5 , where c is consumption and

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please help me solve it thanks

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Consider the gure above. Suppose that utility is given by u = (/5 , where c is consumption and c = y, and the probability of a high income is p = % . Expected income is given by the value (write capital letter A, B, C, D, or E), and is equal to (write number with up to 1 decimal point). Without insurance, expected utility is given by (write capital letter A, B, C, D, or E), and is equal to utils (write number with up to 1 decimal point). With actuarially fair insurance, expected utility is given by (write capital letter A, B, C, D, or E), and is equal to (write number with up to 1 decimal point)

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