Use the Following to Answer Questions

question 46

Multiple Choice

Use the following to answer questions:
-(Table: Choice with Uncertainty) Look at the table Choice with Uncertainty. Suppose the probability that the sitcom does not make it to television is 60%, that it makes it to television but is not the most viewed show in its time slot is 30%, and that it makes it to television and is the most viewed show in its time slot is 10%. As a utility maximizer, Norman:

• A) should keep his teaching job.
• B) should quit his teaching job and go to Hollywood.
• C) will be indifferent between leaving and staying, because his expected income is the same whether he stays a teacher or moves to Hollywood.
• D) will be indifferent between leaving and staying, because his expected total utility is the same whether he stays a teacher or moves to Hollywood.

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Definitions:

Body

The physical structure of an organism, including its organs and tissues.

Osmolarity

The number of osmoles of solute per liter of solution. See osmole.

Osmoles

Osmoles measure the amount of solute that contributes to the osmotic pressure of a solution, reflecting the concentration of particles that can move freely across a semipermeable membrane.

Solution

A homogeneous mixture composed of two or more substances, where one substance (the solute) is dissolved in another (the solvent).