Question: PLEASE LESS THAN 30 MINS REMAINING FOR DEADLINE PLS PLS!! Jonathan's utility of income is represented by: U(1) = (211) where I represents annual income.

PLEASE LESS THAN 30 MINS REMAINING FOR DEADLINE PLS PLS!! Jonathan's

PLEASE LESS THAN 30 MINS REMAINING FOR DEADLINE PLS PLS!!

Jonathan's utility of income is represented by: U(1) = (211) where I represents annual income. He is considering a job that has a 0.2 chance of earning $29190 and a 0.8 chance of earning $65290 a year. How much would Jonathan be willing to pay to insure against the risky income? Answer: $ (DO NOT ROUND YOUR CALCULATIONS UNTIL YOU REACH THE FINAL ANSWER. ENTER YOUR RESPONSE ROUNDED TO TWO DECIMAL PLACE AND NO SEPARATOR FOR THOUSANDS.)

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