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Question 42

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Use the following to answer question: Use the following to answer question:   -(Table: The Total Utility of Income After College Expenses) Use Table: The Total Utility of Income After College Expenses.The premium for a fair insurance policy to pay their daughter's tuition and eliminate the uncertainty in the Smith family's income after tuition would equal: A) $12,000. B) $10,000. C) $8,000. D) $5,000.
-(Table: The Total Utility of Income After College Expenses) Use Table: The Total Utility of Income After College Expenses.The premium for a fair insurance policy to pay their daughter's tuition and eliminate the uncertainty in the Smith family's income after tuition would equal:


A) $12,000.
B) $10,000.
C) $8,000.
D) $5,000.

Correct Answer:

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