Irene's utility of income function is 
Irene is offered the following game of chance. The odds of winning are 1/100 and the payoff is 75 times the wager. If she loses, she loses her wager amount. Calculate Irene's expected utility of the game.
Definitions:
Potentially Efficient
A state in which resources could be allocated in a way that maximizes output or welfare, but currently may not be.
Local Businesses
Independent or small-scale enterprises that operate within a specific geographical area, contributing to the local economy and often offering goods or services unique to that region.
Labor Force
The total number of people eligible to work, including both the employed and the unemployed who are seeking work.
Leisure
Free time when one is not working or occupied, allowing for relaxation, hobbies, and personal activities.
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