Question 7 (2 points) An individual has the following utility function: u(w) = w. where w = wealth. a. Using expected utility, order the following prospects in terms of preference, from the most to the least preferred: P10.8, 1,000, 600) P20.7, 1,200, 600) P30.5, 2,000, 300) b. What is the certainty equivalent for prospect P2