Multiple Choice
Suppose Brandon's indifference curves are defined as U = (3/4) √FS + (1/4) √FH,where FS is consumption during sunny weather and FH is consumption during a hurricane.Further suppose Brandon receives 64 units of food when it is sunny and 16 units when there is a hurricane.If the probability of sunshine is Π = 0.75,expected food consumption is:
A) 28.
B) 40.
C) 52.
D) 80.
Correct Answer:
Verified
Correct Answer:
Verified
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