Question: a) What is the difference between the expected monetary value and expected utility value? How would your recommendation change using in these criterion? Why? Fully

a) What is the difference between the expected monetary value and expected utility value? How would your recommendation change using in these criterion? Why? Fully Explain.

b) If you have three clients that have the following utility functions

Monetary Sum	Utility Client A	Utility Client B	Utility client C
$60,000	1	1	1
$30,000	0.25	0.6	0.85
$11,000	0.1	0.3	0.6
($10,000)	0	0	0

How would you describe your clients? Why? Explain Fully

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