Multiple Choice
Continuing with the same vacation-insurance company from the preceding question,is there any vacation-day price that would both strictly increase the family's expected utility (compared to no insurance) and strictly increase the profits of the risk-neutral insurance company?
A) Yes,two days.
B) Yes,three days.
C) Yes,four days.
D) No.
Correct Answer:

Verified
Correct Answer:
Verified
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