Figure 27-1 The Following Figure Shows a Utility Function for Ren

Multiple Choice

Figure 27-1
The following figure shows a utility function for Ren.
-Refer to Figure 27-1. Suppose Ren begins with $1,050 in wealth. Which of the following coin-flip bets would he definitely not be willing to accept?

A) If it is "heads," he wins $109; if it is tails, he loses $104.
B) If it is "heads," he wins $150; if it is tails, he loses $150.
C) If it is "heads," he wins $150; if it is tails, he loses $140.
D) He definitely would not accept any of these bets.