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nakungth nakungth
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Posts: 1175
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6 years ago
The individual pictured in Figure 5.3
A) prefers a sure $6000 to a 50% chance of $4000 and a 50% chance of $8000.
B) has an expected utility of 12 from a 50% chance of $4000 and a 50% chance of $8000.
C) would receive a utility of 12 from a sure $6000.
D) would receive a utility of 18 from a sure $6000.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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wrote...
6 years ago
C
nakungth Author
wrote...
5 years ago
A+ answer, ty
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