Question: Your utility function is given by U 5xC,where C is consumption. You make $200,000 per year and enjoy jumping off bridges attached to a bungee

 Your utility function is given by U 5xC,where C is consumption.

Your utility function is given by U 5xC,where C is consumption. You make $200,000 per year and enjoy jumping off bridges attached to a bungee cord. There's a 10% chance that, in the next year, you'll break both legs and will incur medical costs of $40,000 and will lose an additional $50,000 from missing work because of the loss of a working pair of legs for half the year. Question 5 of 6 4.0 Points Accepted characters Suppose you can buy insurance that will cover your medical expenses AND foregone salary. If you are charged a total of $9000 as a premium for this insurance, what is your expected utility with this insurance

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