(Table: Total Utility and Income for Winona) Use Table: Total Utility and Income for Winona. Winona's income next year is uncertain: there is a 40% probability she will earn $40,000 and a 60% probability she will earn $80,000. Winona's expected utility is _____ utils.
A) 135
B) 124
C) 120
D) 130
Correct Answer:
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