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
Correct Answer:
Verified
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Figure: Differences
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Figure: Risk
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Figure: Risk
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A)adverse
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