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- Please anwer itConsumer bas the form u (w) - [w. she ini tially has' wealth 'of 425 and with prodabi lity ia and willl de warth $o with probadly' or8. Snauer the falkwing uetims: ex lottery Hicket that will be worth $5 Ô blhat iū er expertad whility? O What is the lowest orice that ohe is willing acept in of der for her to sall her ick to? (That is, what is er certainty equivalan cE) of thuis lotteny? o Calculate her rirk pe mium (RP) ef Hhis lottery.pleae help me understand
- rom California to New York, legislative bodies across the United States are considering eliminating orreducing the surcharges banks impose on non-customers, who make $14 million in withdrawals from otherbanks’ ATM machines. On average, non-customers earn a wage of $26 per hour and pay ATM fees of $3.25per transaction. It is estimated that banks would be willing to maintain services for 6 million transactionsat $1.50 per transaction, while non-customers would attempt to conduct 22 million transactions at thatprice. Estimates suggest that, for every 1 million gap between the desired and available transactions, atypical consumer will have to spend an extra minutes traveling to another machine to withdraw cash.(a) Based on this information, what would be the nonpecuniary cost of legislation that would place a$1.50 cap on the fees banks charge for non-customer transactions?(b) What would be the full economic price of this legislation?(c) Using a graph, illustrate the situation described…IeifocofoflffPlz write your own answer, leave ur em#ail on paper so I can tip you!
- Pls answer fully with this question, and get tips with leaving ur e-mail on the paperIllustrate using the grapghPrice per arginal Utility Fron Current Consumption Product Unit $ 10 20 20 30 The table shows the marginal utite derived trom curent consumpton leves of three new products. A B and C at are being sold in the maet at the prces isted The contumer can imniediately gan the most extra total utity by winching spending from Mnple Choce ANE