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The difference between the utility of expected income and expected utility from income is:

corie

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The difference between the utility of expected income and expected utility from income is:

The difference between the utility of expected income and expected utility from income is
A) zero because income generates utility.
B) positive because if utility from income is uncertain, it is worth less.
C) negative because if income is uncertain, it is worth less.
D) that expected utility from income is calculated by summing the utilities of possible incomes, weighted by their probability of occurring, and the utility of expected income is calculated by summing the possible incomes, weighted by their probability of occurring, and finding the utility of that figure.
E) that the utility of expected income is calculated by summing the utilities of possible incomes, weighted by their probability of occurring, and the expected utility of income is calculated by summing the possible incomes, weighted by their probability of occurring, and finding the utility of that figure.

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Microeconomics

Edition: 8^th

Author: Pindyck

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corie Author

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

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