-James Has a Utility of Wealth Schedule in the Above

question 36

Multiple Choice

-James has a utility of wealth schedule in the above table. He is offered a job selling video games at Games Galore. James' compensation depends on how much he sells. In a poor sales period, a salesperson makes $100 per month. In a good sales period, a salesperson makes $600 per month. James is told by the manager that, in any given month, there is a 25 percent chance of a poor sales period and a 75 percent chance of a good sales period. What is James' expected income from taking this job?

• A) $100
• B) $350
• C) $475
• D) $600

---

Definitions:

Safely Exercising

Engaging in physical activity in a manner that minimizes the risk of injury and maximizes the potential health benefits.

Hot Weather

Conditions characterized by high temperatures, often causing discomfort or posing health risks.

Cooler Morning

The time of day characterized by lower temperatures, typically experienced after sunrise.

Cardio Activity

Any exercise that raises your heart rate, strengthening the cardiovascular system.