Yuri owns just one ship. The ship is worth $200 million dollars. If the ship sinks, Yuri loses $200 million. The probability that it will sink is .02. Yuri's total wealth, including the value of the ship is $225 million. He is an expected utility maximizer with von Neuman Morgensten utility U(W) equal to the square root of W. What is the maximum amount that Yuri would be willing to pay in order to be fully insured against the risk of losing his ship

An important source of public scrutiny is "watchdogs." these are: the efforts of a firm's competitors, including how often the competitors attack the firm's strategies. taxpayer-supported government agencies that limit a firm's ability to compete in foreign markets. companies designated by the government to only produce products that support the government defense program. socially conscious groups that make it their mission to measure the social responsibility levels of businesses, and provide consumers with their opinions about the level of corporate responsibility of various companies.