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The individual has $60 to invest. Out of $60, the individual must invest $30 in the safe asset and the remaining $30 can be invested

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The individual has $60 to invest. Out of $60, the individual must invest $30 in the safe asset and the remaining $30 can be invested in risky assets. Consider two investment choices: (1) invest entire $30 in A and (2) invest $15 in A, $15 in B. (a) [3 points] Drawing diagram of the utility function and showing your work, determine the expected utility of the individual from choice 1. (b) [3 points] Drawing diagram of the utility function and showing your work, determine the expected utility of the individual from choice 2 when return from A is bad. (c) [3 points] Drawing diagram of the utility function and showing your work, determine the expected utility of the individual from choice 2 when return from A is good. (d) [3 points] Drawing diagram of the utility function and showing your work, determine the expected utility of the individual from choice 2. (e) [2 points] Comparing expected utility from choices 1,2 in a diagram, determine which choice is better

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