-Adriana Wants to Try Working as an Independent Contractor This

question 149

Multiple Choice

-Adriana wants to try working as an independent contractor this summer. She has a 50 percent chance that she will make $9,000 and 50 percent chance that she will make nothing. Her utility of wealth curve is shown in the figure above. What's Adriana's expected utility from taking this job?

• A) 45
• B) $4,500
• C) $2,000
• D) 40

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Definitions:

Looking Glass Self

A sociological concept that suggests our self-image is shaped by how others perceive us and the feedback we receive from them.

Judged

The act or process of forming an opinion or evaluation by discerning and comparing.

Make-Believe Game

A type of play involving pretend or imaginative scenarios, often with specific roles assumed by the players.

Objective Side

Refers to the aspects of a situation or problem that are measurable, observable, and independent of individual subjective judgments.