-Nancy's Utility of Wealth Curve Is Given in the Above

question 100

Multiple Choice

-Nancy's utility of wealth curve is given in the above figure. She is faced with a risky proposition which yields an income of $50 one-third of the time, $100 one-third of the time, and $150 one-third of the time. Her expected utility is

• A) 100.
• B) 140.
• C) 150.
• D) 420.

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