Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Anita bought a new scooter for $500. She is deciding whether she should insure
her scooter against theft. She has recently read in the news that one out of 10 scooters are
stolen in her town. She can buy scooter theft insurance at the
insurance. How much insurance will Anita buy if her utility function is U(C) = 2C + 100?
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