Question

Reconsider Prob.16.6-3. You now are uncertain about what your true utility function for receiving money is, so you are in the process of constructing this utility function. So far, you have found that U(19) = 16.7 and U(30) = 20 are the utility of receiving $19,000 and $30,000, respectively. You also have concluded that you are indifferent between the two alternatives offered to you by your parents. Use this information to find U(10).


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  • CreatedSeptember 22, 2015
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