Troy's utility over consumption is given by u(x)-x If Troy is unemployed, which occurs with probability 40 %, his consumption is $36, If Troy is employed, his consumption is $100. How much expected...

Troy's utility over consumption is given by u(x)=x^0.4. If troy is unemployed, which occurs with probability 40%, his consumption is $36, If Troy is employed, his consumption is $1000

How much expected consumption is Troy willing the give up in order to get rid of the risk associated with unemployment?

Extracted text: Troy's utility over consumption is given by u(x)-x If Troy is unemployed, which occurs with probability 40 %, his consumption is $36, If Troy is employed, his consumption is $100. How much expected consumption is Troy willing to give up in order to get rid of the risk associated with unemployment? Enter below a numerical value in dollars. Round to the second significant decimal if necessary (e.g. if your value is 99.012345, you should enter 99.01). Enter your number with a negative sign if Troy must receive a higher expected consumption.