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Question: in addition to the numbers given in number question 2...

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In addition to the numbers given in number question 2 ,

r = 100

q = 300

what are the values of I'S ?;  I'H ?

$1,000; $1,700
$900; $6,200
$1,200; $5,900
$5,900; $1,200
none of the above

Calculate expected income E(I) given IS = $1,000 and IH = $6,000 and (1 - p) = 90% ?

$1,700
$15,000
not enough information given
$5,500
$1,500

if uncertainty exists and there is no insurance available,the risk-averse individual's expected income will provide a utility level found

on the total utility curve
below the total utility curve
above the total utility curve
all of the above
none of the above
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