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-John's Utility of Wealth Curve Is Shown in the Above

Question 150

Multiple Choice

-John's utility of wealth curve is shown in the above figure. He currently has total wealth of $20,000. If there is a 50 percent chance that his $10,000 car will be stolen, then his expected wealth equals A) $0. B) $10,000. C) $15,000. D) $20,000.
-John's utility of wealth curve is shown in the above figure. He currently has total wealth of $20,000. If there is a 50 percent chance that his $10,000 car will be stolen, then his expected wealth equals


A) $0.
B) $10,000.
C) $15,000.
D) $20,000.

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