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Question 32

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Use the following to answer question: Use the following to answer question:   -(Table: Income and Utility for Whitney) Use Table: Income and Utility for Whitney.Whitney's income next year is uncertain: there is a 40% probability she will make $40,000 and a 60% probability she will make $80,000.What certain income leaves Whitney as well off as her uncertain income? A) $64,000 B) $60,000 C) $54,000 D) $50,000
-(Table: Income and Utility for Whitney) Use Table: Income and Utility for Whitney.Whitney's income next year is uncertain: there is a 40% probability she will make $40,000 and a 60% probability she will make $80,000.What certain income leaves Whitney as well off as her uncertain income?


A) $64,000
B) $60,000
C) $54,000
D) $50,000

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