Use the Following to Answer Questions

question 6

Multiple Choice

Use the following to answer questions:
-(Table: Total Utility of Income After College Expenses) Look at the table Total Utility of Income After College Expenses. Mr. and Mrs. Smith would be willing to pay as much as _____ for insurance to pay their daughter's tuition and eliminate the uncertainty in the family's income after tuition.

• A) $12,000
• B) $10,000
• C) $8,000
• D) $5,000