The general statement that is true about retirement is <em>B. your </em><em>income </em><em>will decrease, while your </em><em>expenses </em><em>will increase.</em>
Retirement is the leaving of one's of occupation. This means you cease to be involved in active service in a job or occupation especially when one is considered old and of retirement age.
During retirement, retirement benefits and pension are usually made available to retirees. However, one's income will come to a decline which makes most people scared of retirement. Keeping up with the standard of living they are used to becomes difficult as income to sustain such may not be available.
Therefore, the general statement that is true about retirement is <em>B. your </em><em>income </em><em>will decrease, while your </em><em>expenses </em><em>will increase.</em>
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brainly.com/question/3063811
540 (100 centimeters = 1 meter, so 54 x 100 = 540.)
Answer:
11+ 200% = 33 pounds
The percent increase is 200%
Step-by-step explanation:
Note that
Answer:
Mary's risk premium is $0.9375
Step-by-step explanation:
Mary's utility function,
Mary's initial wealth = $100
The gamble has a 50% probability of raising her wealth to $115 and a 50% probability of lowering it to $77
Expected wealth of Mary, 
= (0.5 * $115) + (0.5 * $77)
= 57.5 + 38.5
= $96
The expected value of Mary's wealth is $96
Calculate the expected utility (EU) of Mary:-
![E_u = [0.5 * U(115)] + [0.5 * U(77)]\\E_u = [0.5 * 115^{0.5}] + [0.5 * 77^{0.5}]\\E_u = 5.36 + 4.39\\E_u = \$ 9.75](https://tex.z-dn.net/?f=E_u%20%3D%20%5B0.5%20%2A%20U%28115%29%5D%20%2B%20%5B0.5%20%2A%20U%2877%29%5D%5C%5CE_u%20%3D%20%5B0.5%20%2A%20115%5E%7B0.5%7D%5D%20%2B%20%5B0.5%20%2A%2077%5E%7B0.5%7D%5D%5C%5CE_u%20%3D%205.36%20%2B%204.39%5C%5CE_u%20%3D%20%5C%24%209.75)
The expected utility of Mary is $9.75
Mary will be willing to pay an amount P as risk premium to avoid taking the risk, where
U(EW - P) is equal to Mary's expected utility from the risky gamble.
U(EW - P) = EU
U(94 - P) = 9.63
Square root (94 - P) = 9.63
If Mary's risk premium is P, the expected utility will be given by the formula:

Mary's risk premium is $0.9375
9 and 1/3 because you add what she has and what she's given and subtract what she uses. You must use a common denominator. Hope this helped you!