Florida ranks 35th for most expensive utility costs, according to study
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YouTube10 Tampa Bay
Florida ranks 35th for most expensive utility costs, according to study
A study from a consumer services company says researchers found that an average household in Florida pays nearly $500 in utilities every month.
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Your utility function is U=√(C), where C is the amount of consumption that you have in any given period. Your income is 40,000 per year, and there is a 2 % chance that you will be involved in a catastrophic accident that will cost you 30,000 next year. a. What is your expected utility? b. Calculate an actuarially fair insurance premium. What would your expected utility be were you to purchase the actuarially fair insurance premium? c. What is the most that you would be willing to pay for insur
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