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U=2* Assume Peter's utility function as a function of income *VIncome and the odds are 0.15 of being sick and receiving an income of $20K

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U=2* Assume Peter's utility function as a function of income *VIncome and the odds are 0.15 of being sick and receiving an income of $20K and 0.85 of being healthy and receiving an income of $40K. Would Peter be willing to pay $2,000 in loading fees to acquire insurance

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