Suppose that three investments have the same three potential payoffs, but the probability associated with each pay-off differs, as illustrated in the table below: Payoff Probability Probability Probability (I) (Investment A) (Investment B) (Investment C) $200 0.50 0.20 0.00 $100 0.00 0.70 1.00 $0 0.50 0.10 0.00 For Veronica, Miranda, and Marc, compare the weighted average of utility for the three payoffs of each investment (weighted by the probability of payoff). The investor should choose the highest weighted average (expected utility). Veronica has the utility function U = 5|. Which investment will she choose? Miranda has the utility function U = 5ln(l + 1). Which investment will he choose? Laura has the utility function U = 5| 2 . Which investment will she choose? Describe the risk appeal of each of the three investors