-Bobby Is Offered Two Fulltime Jobs

question 95

Multiple Choice

-Bobby is offered two fulltime jobs. In the first job, as a salesperson, he has a 50 percent chance to make $2,000 a month and a 50 percent chance to make $10,000 a month. The second job, as a construction worker, pays $4,500 a month with certainty. Bobby's utility of wealth curve is shown in the figure above. Bobby will take the ________ job because his expected ________ from this job is greater.

• A) first; utility
• B) second; utility
• C) second; income
• D) first; income

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