Jonas's Expected Utility Function Is Pc^1/2₁ + (1 - P)c^1/2₂

Multiple Choice

Jonas's expected utility function is pc^1/2₁ + (1 - p) c^1/2₂, where p is the probability that he consumes c₁ and 1 - p is the probability that he consumes c₂.Jonas is offered a choice between getting a sure payment of $Z or a lottery in which he receives $3,600 with probability .10 or $6,400 with probability .90.Jonas will choose the sure payment if

A) Z > 6,084 and the lottery if Z < 6,084.
B) Z > 4,842 and the lottery if Z < 4,842.
C) Z > 6,400 and the lottery if Z < 6,400.
D) Z > 6,242 and the lottery if Z < 6,242.
E) Z > 6,120 and the lottery if Z < 6,120.