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-The Above Figure Shows Bob's Utility Function

Question 113

Multiple Choice

-The above figure shows Bob's utility function.He currently has $100 of wealth,but there is a 50% chance that it could all be stolen.Living with this risk gives Bob the same expected utility as if there was no chance of theft and his wealth was A) $0. B) $20. C) $30. D) $50.
-The above figure shows Bob's utility function.He currently has $100 of wealth,but there is a 50% chance that it could all be stolen.Living with this risk gives Bob the same expected utility as if there was no chance of theft and his wealth was


A) $0.
B) $20.
C) $30.
D) $50.

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