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-Bobby Is Offered a Job as a Salesperson in Which

Question 68

Multiple Choice

-Bobby is offered a job as a salesperson in which there is a 50 percent chance that he will make $2,000 and a 50 percent chance that he will make $10,000. Bobby's utility of wealth curve is shown in the figure above. What is Bobby's expected utility from taking this job? A) 40 B) 50 C) 60 D) 70
-Bobby is offered a job as a salesperson in which there is a 50 percent chance that he will make $2,000 and a 50 percent chance that he will make $10,000. Bobby's utility of wealth curve is shown in the figure above. What is Bobby's expected utility from taking this job?


A) 40
B) 50
C) 60
D) 70

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