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Linus Piecewise Is an Expected Utility Maximizer

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Linus Piecewise is an expected utility maximizer. There are two events, H and T, which each have probability Linus Piecewise is an expected utility maximizer. There are two events, H and T, which each have probability . Linus's preferences over lotteries in which his wealth is h if event H happens and t if event T happens are representable by the utility function . The function u takes the following form. For any x, u(x) = x if x < 100 and u(x) = 100 + if x is greater than or equal to 100. Draw a graph showing the indifference curves for Linus that pass through a. the point (50, 0) b. the point (50, 100) c. the point (100, 100) d. the point (150, 100) . Linus's preferences over lotteries in which his wealth is h if event H happens and t if event T happens are representable by the utility function Linus Piecewise is an expected utility maximizer. There are two events, H and T, which each have probability . Linus's preferences over lotteries in which his wealth is h if event H happens and t if event T happens are representable by the utility function . The function u takes the following form. For any x, u(x) = x if x < 100 and u(x) = 100 + if x is greater than or equal to 100. Draw a graph showing the indifference curves for Linus that pass through a. the point (50, 0) b. the point (50, 100) c. the point (100, 100) d. the point (150, 100) . The function u takes the following form. For any x, u(x) = x if x < 100 and u(x) = 100 + Linus Piecewise is an expected utility maximizer. There are two events, H and T, which each have probability . Linus's preferences over lotteries in which his wealth is h if event H happens and t if event T happens are representable by the utility function . The function u takes the following form. For any x, u(x) = x if x < 100 and u(x) = 100 + if x is greater than or equal to 100. Draw a graph showing the indifference curves for Linus that pass through a. the point (50, 0) b. the point (50, 100) c. the point (100, 100) d. the point (150, 100) if x is greater than or equal to 100. Draw a graph showing the indifference curves for Linus that pass through
a. the point (50, 0)
b. the point (50, 100)
c. the point (100, 100)
d. the point (150, 100)

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