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 30%, that it makes it to television but is not the most viewed show in its time slot is 50%, and that it makes it to television and is the most viewed show in its time slot is 20%. Given this information, Norman's expected total utility is _____ utils.
Definitions:
Present Value
Today’s value of some amount of money that is to be received sometime in the future.
User Cost
The opportunity cost of extracting and selling a nonrenewable natural resource today rather than waiting to extract and sell the resource in the future; the present value of the decline in future revenue that will occur because a nonrenewable natural resource is extracted and sold today rather than being extracted and sold in the future.
Market Price
The current price at which a good or service can be bought or sold in a marketplace.
User Cost
The cost of using a good or service, which includes the opportunity cost of choosing one alternative over others.
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