Q9. 9. Utility from full and unfair insurance is _____________ utility from full and fair insurance...

Q9. 9. Utility from full and unfair insurance is _____________ utility from full and fair insurance A. Greater than B. Less than C. equal to. D. All the above

Q10. 10. Utility from Partial and fair insurance is ________ utility from full and fair insurance A. Greater than B. Less than C. equal to. D. All the above

Q11 Partial and Fair insurance implies

	I_S < I_H = E(I)
	I_S‘ < I_H = E(I)

	I_S‘ < I_H ’ < E(I)
	I_S‘ < I_H ’ = E(I)

I_S‘ > I_H ’ > E(I)

Q12 Unfair Insurance implies

	I_H‘ < E(I) = I_H
	I_H‘ = E(I) = I_H

	I_H‘ > E(I) > I_H '
	I_H > E(I) > I_H '

Solutions

Expert Solution

Q9) utility from full & fair Insurance is always higher

So option b is right

Q10 ) again untility is alawal higher with full insurance than partial insurance

So option B)

Rahul Sunny answered 1 year ago

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