Question: explain this please Question 12 1 / 1 pts Assume an individual has a $30,000 of income and faces the following utility function: U =YA

explain this please

Question 12 1 / 1 pts Assume an individual has a $30,000 of income and faces the following utility function: U =YA If the individual had a 10% chance of a $30,000 accident and purchased insurance that fully covered the accident for a premium of $3,000, what is his/her expected utility? 4 12.8186 12 8186 (with n margin: 0.1)

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