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 14:00
How many months does the federal budget usually take to prepare
Answers: 1
question
Business, 22.06.2019 16:30
:; )write a paragraph of two to three sentences and describe what will happen to a society that does not have a productive workforce?
Answers: 3
question
Business, 22.06.2019 20:40
Which of the following would indicate an improvement in a company's financial position, holding other things constant? a. the inventory and total assets turnover ratios both decline.b. the debt ratio increases.c. the profit margin declines.d. the times-interest-earned ratio declines.e. the current and quick ratios both increase.
Answers: 3
question
Business, 22.06.2019 21:20
Which of the following best describes the advantage of living in a suburban area? a. suburbs give people access to city jobs along with more living space. b. suburbs give people easy access to cultural attractions and high-paying jobs. c. suburbs have the widest availability of low-cost housing of any living area. d. suburbs have the lowest population density of any living area.
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
Mathematics, 03.06.2020 14:05
question
Mathematics, 03.06.2020 14:05
question
Mathematics, 03.06.2020 14:05
question
History, 03.06.2020 14:05
question
History, 03.06.2020 14:05
Questions on the website: 13722361