Question: a Warren has the opportunity to make an investment of $20k. There is a 50% chance that the investment will return $40k, and a 50%

a Warren has the opportunity to make an investment of $20k.

a Warren has the opportunity to make an investment of $20k. There is a 50% chance that the investment will return $40k, and a 50% chance that the investment will return 0. i. If he makes the investment, what is the expected value of his wealth? (5) ii. If be makes the investment, what is the expected value of his utility

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