John brown's utility of income function is: u = log(i + 1), where i represents income. from this information, you can say that: a. john brown is risk averse. b. john brown is risk loving. c. john brown is risk neutral. d. we need more information before we can determine john brown's preference for risk.

Ashop owner uses a reorder point approach to restocking a certain raw material. lead time is six days. usage of the material during lead time is normally distributed with a mean of 42 pounds and a standard deviation of four pounds. when should the raw material be reordered if the acceptable risk of a stockout is 3 percent?