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Solve clearly Your utility function for income is characterized by U(1) = 10.6, and you are considering a job opportunity that may pay $30,000 per

Solve clearly

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Your utility function for income is characterized by U(1) = 10.6, and you are considering a job opportunity that may pay $30,000 per year or $80,000 per year with equal probabilities. Find the maximum you are willing to pay to fully insure yourself? [Please choose the closest answer] O $27,398 O $1,374 O $20,075 O $25,000 O $20,000 O $21,500 O $2,468 O $22,500

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