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Suppose you have the following value function: u(z) 2 r for gains and v(z) 3r fr losses. You have aeowment of 4 apples and 3 bananas, draw your indifference curve given the value function Problem2 1) Suppse Dr Wu has four siblings. You know the oldest and the youngest of Dr Wus siblings are men. What is the relevant outcome space now? (Order matters!) 2) Please answer true or false for the following questions and provide explanations . You are a remarkable student, you get a good job after graduation are two independent events You are a remarkable student, you get a bad job after graduation are two mutually exclusive

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