Use the following to answer question: 
-(Table: Amy's Utility Function) Use Table: Amy's Utility Function.Amy is an entrepreneur with income of $40,000.Amy is considering development of a new product.The probability that her new product earns Amy $30,000 in additional income is 0.5,and the probability that Amy incurs a reduction of $10,000 from her current income is 0.5.Amy's expected income after developing her new product is:
Definitions:
Quick Analysis Tool
A feature in certain software applications that provides immediate access to a range of analytical options for selected data.
Clipboard Group
A set of features in software applications (like MS Word) that manage copying, cutting, and pasting operations.
Equation Tools
Software features or tools specifically designed for creating, editing, and formatting mathematical equations and expressions.
Cell A3
A reference to a specific cell in a spreadsheet located at the intersection of column A and row 3, commonly used to input or reference data.
Q11: (Figure: Shifts in Demand and Supply II)Use
Q15: Insurance companies deal with the problems of
Q28: In building models,economists often assume that opportunity
Q53: In building models,economists avoid making any assumptions
Q100: The _ illustrates the trade-offs facing an
Q120: Which statement is positive?<br>A)The rate of unemployment
Q182: Sellers of used cars may have private
Q188: (Figure: Production Possibilities and Circular-Flow Diagram)Use Figure:
Q200: A recent news story reported that the
Q229: (Figure: Consumer Surplus II)Look at the figure