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Suppose Jim's utility function is U(x)=2x+4. According to the expected utility theory, Jim would not be interested in buying insurance. a.True b.False and also briefly

Suppose Jim's utility function is U(x)=2x+4. According to the expected utility theory, Jim would not be interested in buying insurance.

a.True

b.False

and also briefly explain your answer in 2 sentences

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