If an individual had wealth of $10,000 with a corresponding utility of 100.0, a 20% probability of becoming ill resulting in medical costs of $2,000, which lowers utility to 84.4, then the expected utility without insurance is:

Name: If an individual had wealth of $10,000 with a corresponding utility of 100.0, a 20% probability of becoming ill resulting in medical costs of $2,000, which lowers utility to 84.4, then the expected utility without insurance is:
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The Answer is C

If an Individual Had Wealth of $10,000 with a Corresponding