Richard is a stock market day trader.His utility of wealth function is 
Richard has seen a recent upward trend in the price of Yahoo stock.He feels that there is a 30% chance the stock will rise from $175 per share to $225.Otherwise,he believes the stock will settle to about $150 per share.Richard's current wealth is $1.75 million.Assume that if Richard purchases the stock,he will use his entire wealth.Given his risk preferences,will Richard buy Yahoo?
Definitions:
Imports
Items or offerings that enter into a nation from abroad aimed at being sold or employed.
Domestic Supply and Demand
Refers to the quantity of a product or service available and the desire for it within a single country.
Tariff Revenue
Income that a government earns from the imposition of import and export duties.
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