-Nancy's utility of wealth curve is given in the above figure. She is faced with a risky proposition which yields an income of $50 one-third of the time, $100 one-third of the time, and $150 one-third of the time. Her expected utility is
A) 100.
B) 140.
C) 150.
D) 420.

Question

-Nancy's utility of wealth curve is given in the above figure. She is faced with a risky proposition which yields an income of $50 one-third of the time, $100 one-third of the time, and $150 one-third of the time. Her expected utility is
A) 100. 
B) 140. 
C) 150. 
D) 420.

Quizplus · Accepted Answer

The Answer of 
-Nancy's utility of wealth curve is given in the above figure. She is faced with a risky proposition which yields an income of $50 one-third of the time, $100 one-third of the time, and $150 one-third of the time. Her expected utility is
A) 100. 
B) 140. 
C) 150. 
D) 420.

-Nancy's Utility of Wealth Curve Is Given in the Above