There are two events, 1 and 2. the probability of event 1 is p and the probability of event 2 is 1 – p. sally kink is an expected utility maximizer with a utility function is pu(c1) + (1 – p)u(c2), where forany number x, u(x) = 2xif x < 1,000 and u(x) = 1,000 + xif xis greater than or equal to 1,000.
a. sally is a risk lover.
b. sally will be a risk averter if she is poor but will be a risk lover if she is rich.
c. sally will be a risk lover if she is poor but a risk averter if she is rich.
d. if there is no chance of her wealth exceeding $1,000, then she will take any bet that has positive expected net winnings.
e. none of the above

Analyzing operational changes operating results for department b of delta company during 2016 are as follows: sales $540,000 cost of goods sold 378,000 gross profit 162,000 direct expenses 120,000 common expenses 66,000 total expenses 186,000 net loss $(24,000) suppose that department b could increase physical volume of product sold by 10% if it spent an additional $18,000 on advertising while leaving selling prices unchanged. what effect would this have on the department's net income or net loss? (ignore income tax in your calculations.) use a negative sign to indicate a net loss answer; otherwise do not use negative signs with your answers. sales $answer cost of goods sold answer gross profit answer direct expenses answer common expenses answer total expenses answer net income (loss) $answer