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Suppose a consumer has log-utility over wealth, defined by u(W ) = In(W). Suppose this consumer has $109 and is considering tak ing a gamble

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Suppose a consumer has log-utility over wealth, defined by u(W ) = In(W). Suppose this consumer has $109 and is considering tak ing a gamble in which the consumer flips a coin, and gets $20the flips heads and $0if she flips tails. What is the most amount of money the consumer would be willing to pay to play take this gamble? What if the consumer has $1, 000dollars of wealth

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