Microeconomics

Consider A Consumer With An Income Of 100 Dollars There Are Two Possible States A Good State (G) And A Bad State

( quot;) Insurance ccontract is actually face of
premiums paid = expected value of
compensated
Received
. 02 25 – TI+I +.98 / 100- 71
# YI =
. 50 – – 02 7 5 + 802 7 + 98 -. 98 5I
( 4 . 98 ) KI =…Microeconomics

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