subject
Business, 14.02.2020 17:27 B1GPAP1

Victoria has $4000 to put toward consumption this month. She believes there is a 30% chance she will have a bike accident this month, in which case she will incur medical costs of $3000 (leaving her with $1000 to put toward consumption). Victoria's utility over consumption is given by U = 0.8 where cis consumption (in dollars). In the absence of any insurance, the expected value of Victoria's consumption this month is $ 3100 . In the absence of any insurance, the expected utility Victoria receives from her consumption this month is 608 utils (enter only numbers in the blanks, and please round to the nearest whole number if necessary).

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 09:30
When you hire an independent contractor you don't have to pay the contractors what
Answers: 3
question
Business, 22.06.2019 13:40
After much consideration, you have chosen cancun over ft. lauderdale as your spring break destination this year. however, spring break is still months away, and you may reverse this decision. which of the following events would prompt you to reverse this decision? a. the marginal cost of going to cancun decreases.b. the marginal cost of going to ft. lauderdale decreases.c. the marginal benefit of going to cancun increases.d. the marginal benefit of going to ft. lauderdale decreases.
Answers: 2
question
Business, 22.06.2019 16:00
In macroeconomics, to study the aggregate means to study blank
Answers: 1
question
Business, 22.06.2019 17:50
The management of a supermarket wants to adopt a new promotional policy of giving a free gift to every customer who spends > a certain amount per visit at this supermarket. the expectation of the management is that after this promotional policy is advertised, the expenditures for all customers at this supermarket will be normally distributed with a mean of $95 and a standard deviation of $20. if the management wants to give free gifts to at most 10% of the customers, what should the amount be above which a customer would receive a free gift?
Answers: 1
You know the right answer?
Victoria has $4000 to put toward consumption this month. She believes there is a 30% chance she will...
Questions
question
Computers and Technology, 22.09.2019 19:10
question
Mathematics, 22.09.2019 19:10
Questions on the website: 13722359