-The Above Figure Shows the Utility of Wealth Curve for a Homeowner

question 230

Multiple Choice

-The above figure shows the utility of wealth curve for a homeowner whose only possession is a $50,000 house. If there is a 20 percent chance that the home could be entirely destroyed, the highest price for insurance this person would pay is

• A) $0.
• B) $5,000.
• C) $10,000.
• D) $20,000.

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Definitions:

Chromosomes

Structures within cells that contain DNA and genetic information needed for the development, function, and reproduction of living organisms.

Nucleus

The central part of a cell that contains the cell's DNA and controls its growth and reproduction.

Coronal

A term used to describe a plane or section that divides the body into front (anterior) and back (posterior) parts.

Midsagittal

Relating to a plane that divides the body into equal right and left halves.