Question: Hi, can you help me to solve this problem, thank you Suppose that a consumer can become sick with probability p and loses income E.

Hi, can you help me to solve this problem, thank you

Suppose that a consumer can become sick with probability p and loses income E. There is a health production function f(m) to recover lost income when the consumer spends m in medical care. It is assumed that f is increasing, concave, and does not exceed 1? for any m. Hence, with utility function U and wealth ll\

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